March 4, 2024

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Alabama NewsCenter — Firm acquires north Alabama industrial facility, eyes aerospace hub : The Alabama Weather Blog

1 min read

By: Jerry Underwood

AE Industrial Partners (AEI), a private equity firm specializing in aerospace, national security and industrial services, announced this week that its affiliate Rocket Shoals LLC has acquired a sprawling industrial facility in Colbert County with plans to redevelop it as an “aerospace center of excellence.”

Boca, Raton, Florida-based AEI acquired the facility – known informally as the “Shoals” – from the Retirement Systems of Alabama. The facility at 1200 Haley Drive in Cherokee 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 included National Steel Car, Navistar and FreightCar America.

The Alabama Weather Blog gladly brings you an excerpt of this article through a partnership with the Alabama NewsCenter. You can see the complete post featuring all the associated images, videos, and links by clicking HERE.

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Alabama News Center tels the stories of the people and businesses powering the states of Alabama, striving to make Alabama a wonderful place to live and work.

Alabama News Center

2024-02-06 14:00:41

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