AE Industrial Partners Affiliate Acquires 2 Million Square Ft. Industrial Facility in Northwest Alabama [Yahoo! Finance]
Freightcar America, Inc. (RAIL)
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Source: Yahoo! Finance
BOCA RATON, Fla., January 30, 2024 BUSINESS WIRE AE Industrial Partners, LP ("AEI"), a private equity firm specializing in aerospace, national security and industrial services, today announced that its affiliate Rocket Shoals LLC has acquired an industrial facility, known informally as the "Shoals," from the Retirement Systems of Alabama. AEI plans to renovate the facility to serve as an aerospace center of excellence anchored in The Shoals area. Located at 1200 Haley Drive in Cherokee, Alabama, the facility is situated on 638 acres and contains 2.27 million square feet of industrial zoned manufacturing capacity. Currently unoccupied, the LEED-registered building's previous tenants include National Steel Car, Navistar, and FreightCar America. The space is well suited for aerospace manufacturing and will become the new headquarters for select AEI portfolio companies as well as other aerospace suppliers, manufacturers, and innovators. In addition, AEI will be partnering with Poarch B
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