Alloy, the LFM Capital-backed aerospace and defense engine precision machining and fabrication company, is getting ready to explore a sale through financial advisor Lazard, said three sources familiar with the matter.

The Manchester, Connecticut-based company is expected to receive interest from private equity firms and strategics, the three sources said.

Books have not been distributed yet, two of the sources said. Alloy, which was formed in 2019, this year is expected to generate…