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n November, 2012, American Industrial Partners (AIP) acquired five U.S. operating aerospace subsidiaries: Coast Composites, Global Tooling Systems, Odyssey Industries, and Texstars from Hampson Industries plc. and formed AIP Aerospace, LLC. (AIP Aerospace). In September 23, 2014 – AIPA announced the formation of a new company, Ascent Aerospace. Combining Assembly Line integration and Factory Automation with AIPA’s heritage Tooling businesses, Ascent Aerospace furnishes turn-key solutions from one vertically integrated organization. Ascent Aerospace consists of the following groups: Ascent Tooling, Ascent Integration & Automation, and an Engineering Services organization, Ascent Engineering.
Additionally, AIP Aerospace is an independent company endorsed by the strong financial support and resources of AIP, well positioned moving forward. AIP ownership is committed to create controlled, harmonized strategic growth to offer operational and commercial excellence to our customers.

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