M&A Deal Summary

GenNx360 Capital Partners Acquires Aero 3

On January 14, 2020, private equity firm GenNx360 Capital Partners acquired aerospace company Aero 3 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.
Investment Fate
  • Aero 3 was sold to a publicly-traded strategic buyer in 2025 for 350M USD.

M&A Deal Summary

Date 2020-01-14
Target Aero 3
Sector Aerospace
Buyer(s) GenNx360 Capital Partners
Sellers(s) Weinberg Capital Group
Deal Type Secondary Buyout

Target

Aero 3

Bedford, New Hampshire, United States
Aero 3 is an aviation group providing aircraft parts, repair, and maintenance services through its brands AeroRepair, AirCrafters, Hemico, and Skywheels. The Company’s capabilities include component overhaul, wheel and brake servicing, PMA engineering, and parts distribution for commercial, business, and military aircraft operators across North America and international markets. Aero 3 was founded in 2019 and is headquartered in Bedford, New Hampshire.

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Buyer(S) 1

Buyer

GenNx360 Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 2.2B 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, New York.


DEAL STATS #
Overall 21 of 28
Sector: Aerospace M&A 2 of 2
Type: Secondary Buyout M&A Deals 9 of 11
State: New Hampshire M&A 1 of 1
Country: United States M&A 19 of 26
Year: 2020 M&A 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 was founded in 2020 and 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


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 M&A 1 of 1
Type: Secondary Buyout M&A Deals 2 of 3
State: New Hampshire M&A 1 of 1
Country: United States M&A 7 of 9
Year: 2020 M&A 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 -