AE Industrial Partners, a U.S. private equity firm, has acquired Powder Alloy Corporation (PAC) to establish a specialty materials platform aimed at expanding domestic manufacturing capabilities in advanced engineering materials for key industrial sectors including aerospace, defense, and energy. Headquartered in Loveland, Ohio, PAC has over 50 years of experience in producing engineered powders, including metal, ceramic, and thermal spray powders used for surface enhancement and joining applications. The company possesses vertically integrated manufacturing capabilities such as inert gas atomization (VIGA/EIGA), composite cladding, mechanical blending, agglomeration and sintering, and plasma densification. AE Industrial plans to develop PAC into an independent supplier of proprietary powders and advanced materials through organic growth and strategic acquisitions, addressing supply chain gaps in critical industrial sectors.