M&A Deal Summary

Greenbriar Equity Group Acquires Sunvair

On June 5, 2024, private equity firm Greenbriar Equity Group acquired aerospace company Sunvair from Blue Sea Capital

Acquisition Highlights
  • This is Greenbriar Equity Group’s 10th transaction in the Aerospace sector.
  • This is Greenbriar Equity Group’s 40th transaction in the United States.
  • This is Greenbriar Equity Group’s 7th transaction in California.

M&A Deal Summary

Date 2024-06-05
Target Sunvair
Sector Aerospace
Buyer(s) Greenbriar Equity Group
Sellers(s) Blue Sea Capital
Deal Type Secondary Buyout
Advisor(s) Houlihan Lokey (Financial)
Jones Day (Legal)

Target

Sunvair

Valencia, California, United States
Sunvair is an independent MRO services provider specializing in landing gear overhauls and component repairs for commercial and military aircraft. Sunvair was formed in 1956 and is headquartered in Valencia, California.

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Buyer(S) 1

Buyer

Greenbriar Equity Group

Rye, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 10.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Greenbriar Equity Group is a specialized private equity firm focused on investing in the global transportation and advanced manufacturing industries. Companies of interest include traditional carriers, such as railroads, cruise lines, airlines, air freight, shipping, and trucking, as well as ancillary manufacturers and service companies that support the transportation industry. Greenbriar will consider making majority as well as minority investments through a variety of structures, including leveraged buyouts, recapitalizations, growth capital investments, corporate joint ventures and privatizations. The Firm targets businesses valued from $100 million to $1 billion. Greenbriar Equity was formed in 1999 and is based in Rye, New York.


DEAL STATS #
Overall 45 of 45
Sector (Aerospace) 10 of 10
Type (Secondary Buyout) 20 of 20
State (California) 7 of 7
Country (United States) 40 of 40
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-03 Renuity

Coral Gables, Florida, United States

Renuity is a home improvement provider that goes to market under its national brand along with nine regional operating brands including Mad City Windows & Baths,Pacific Bath, FHIA Remodeling, Statewide Remodeling, Home Smart Industries, MaxHome, Paradise Home Improvement, Rite Window, and Closet America. The company has helped hundreds of thousands of homeowners get quality remodeling services and reliable installation at a competitive price. Renuity is based in Coral Gables, Florida.

Buy -

Seller(S) 1

SELLER

Blue Sea Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2013
PE ASSETS 327M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Blue Sea Capital is a private equity firm focused on majority investments in middle-market aerospace, defense, healthcare, and industrial companies. Blue Sea will consider opportunities throughout North America with a focus on businesses with differentiated products/services. The Firm can commit up to $150 million in transactions valued up to $300 million. Blue Sea Capital was formed in 2013 and is based in West Palm Beach, Florida.


DEAL STATS #
Overall 7 of 7
Sector (Aerospace) 1 of 1
Type (Secondary Buyout) 6 of 6
State (California) 1 of 1
Country (United States) 6 of 6
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-05 Rhino Tool House

Concord, North Carolina, United States

Rhino Tool House is a provider of high-performance assembly tools and material handling equipment used in heavy manufacturing. RTH’s distribution operations include assembly tool and material handling products focused on intelligent fastening solutions that provide data on productivity, performance, and safety. Rhino Tool House was founded in 2000 and is based in Concord, North Carolina.

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