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Rural Development

Firm acquires North Alabama industrial facility, eyes aerospace hub

MUSCLE SHOALS, Alabama — AE Industrial Partners (AEI), a private equity firm specializing in aerospace, national security and industrial services, today announced 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. Located at 1200 Haley Drive in Cherokee, 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.

AEI says the space is well suited for aerospace manufacturing and will become the new headquarters for select portfolio companies as well as other aerospace suppliers, manufacturers and innovators.

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