EASTFORD, Conn.,April 4, 2017/PRNewswire/ — The Whitcraft Group (“Whitcraft”), a leading manufacturer of precision formed, machined, and fabricated flight-critical aerospace components, has selected Greenbriar Equity Group (“Greenbriar”), aNew York-based private investment firm, as its new equity partner.
Whitcraft supports most of the world’s leading aero-engine and aircraft platforms through its long-term relationships with the top global aerospace OEMs and Tier 1 suppliers. Whitcraft’s industry-leading process innovations and manufacturing techniques support its extraordinary customer service, exceptional on-time delivery, and industry-leading quality.
Noah Roy, Managing Partner at Greenbriar, said: “We are proud to partner with Whitcraft to help continue their long-term track record of growth and successfully delivering on customer commitments. Whitcraft’s differentiated capabilities and superb management team provide a unique platform for continued growth in the aerospace engine market.”
Colin Cooper, Whitcraft’s CEO, said: “Greenbriar is an experienced investor in aerospace whose partnership and support will enhance Whitcraft’s ability to execute on the opportunity created by the unprecedented growth currently taking place in our industry. The entire Whitcraft team is excited by the opportunities ahead of us and our new partnership with Greenbriar.”
Terms of the transaction were not disclosed.
About Greenbriar Equity Group Greenbriar Equity Group LLC, a private equity firm with over$2.5 billionof committed capital, focuses exclusively on the global transportation industry including companies in the aerospace and defense, automotive, distribution, freight and passenger transport, logistics and related sectors. Greenbriar invests with proven management teams who are interested in being significant equity owners in their companies as well as with corporate partners who are interested in raising capital. Greenbriar’s partners bring many decades of experience at the highest levels within the transportation industry. Additional information may be found atwww.greenbriarequity.com.