M&A Deal Summary

GenNx360 Capital Partners Acquires AeroRepair

On January 14, 2020, private equity firm GenNx360 Capital Partners acquired aerospace company AeroRepair from Weinberg Capital Group

Acquisition Highlights
  • This is GenNx360 Capital Partners’ 2nd transaction in the Aerospace sector.
  • This is GenNx360 Capital Partners’ 19th transaction in the United States.
  • This is GenNx360 Capital Partners’ 1st transaction in New Hampshire.

M&A Deal Summary
Date 2020-01-14
Target AeroRepair
Sector Aerospace
Buyer(s) GenNx360 Capital Partners
Sellers(s) Weinberg Capital Group
Deal Type Secondary Buyout

Target

AeroRepair

Londonderry, New Hampshire, United States
website
AeroRepair is an independent Maintenance, Repair, and Overhaul (MRO) platform in North America with a focus on wheels, brakes, batteries and landing gears, serving a highly attractive and diverse group of regional and mainline airlines as well as corporate fleets and narrow and wide-body aircraft. AeroRepair's sister-company, Hemico, provides Parts Manufacturer Approval engineering services, as well as Designated Engineering Representative, approved repairs. AeroRepair offers its customers complete wheel and brake management solutions including high-quality workmanship, leading turn-times, asset management, and logistics services. AeroRepair is based in Londonderry, New Hampshire.

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Buyer(S) 1

Buyer

GenNx360 Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2006
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

GenNx360 Capital Partners is a private equity firm focused on acquiring mid-sized US-based businesses. GenNx360 targets companies with revenues between $50 and $500 million and $5 to $35 million of EBITDA. The Firm looks to invest $25 to $100 million per transaction. Specific areas of interest include industrial water treatment, specialty chemicals/engineered materials, industrial machinery/equipment components, agriculture products and services, global transportation component parts, aerospace/defense, oil/gas services and business services. GenNx360 Capital Partners was formed in 2006 and is based in New York City.

DEAL STATS #
Overall 21 of 26
Sector (Aerospace) 2 of 2
Type (Secondary Buyout) 9 of 9
State (New Hampshire) 1 of 1
Country (United States) 19 of 24
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-01 Pacteon

Greensboro, Georgia, United States

Pacteon provides design, assembly, and manufacturing of fully integrated and automated end-of-line packaging equipment solutions, including cartoning, case packing, palletizing, and stretch wrapping machinery. Pacteon is based in Greensboro, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-03 Midwest Can

Franklin Park, Illinois, United States

Midwest Can is a manufacturer of portable fuel containers used for the safe handling, storage, and usage of flammable liquids such as gas, diesel, and kerosene. Midwest Can design and manufactures PFCs, which contain its industry-major FlameShield Safety System, as well as fluid management accessories such as funnels, drain pans, and spouts. Midwest Can’s products are sold through a diverse customer base consisting of farm & fleet, lawn & garden, automotive aftermarket, hardware, and gas & convenience retailers. Midwest Can was founded in 1951 and is based in Franklin Park, Illinois.

Sell -

Seller(S) 1

SELLER

Weinberg Capital Group

Cleveland, Ohio, United States

Investor Investor Investor

website

Category Family Office
Founded 2003
Size Small
Type Sector Agnostic
DESCRIPTION

Weinberg Capital Group is a Midwestern US-based investment firm focused on real estate and private equity investments. Weinberg's private equity group targets control investments in lower middle-market, North American, profitable companies with $10 to $100 million of revenue. Sectors of interest include manufacturing, business services, medical and healthcare, aviation services, consumer products, and value-added distribution. Weinberg's real estate group targets opportunities in retail, multi-family, office, and industrial properties. Weinberg Capital Group was formed in 2003 and is based in Cleveland, Ohio.

DEAL STATS #
Overall 7 of 9
Sector (Aerospace) 1 of 1
Type (Secondary Buyout) 2 of 3
State (New Hampshire) 1 of 1
Country (United States) 7 of 9
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-26 Encore Bank N.A.

Naples, Florida, United States

Encore Bank N.A. is a community bank that provides full service banking, and small enough to offer individualized personal customer care. It currently operates six branches with two in Naples, and one each in Fort Myers, Port Charlotte, Sun City Center, and Bonita Springs.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-26 Convenience Valet

Glendale Heights, Illinois, United States

Convenience Valet is a value-added distributor of blister pack (windowed) branded convenience/travel size health and beauty care products, over-the-counter drugs, personal care products and sundries sold in small-portion packages. Convenience Valet was established in 1946 and is based in Glendale Heights, Illinois.

Sell -
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