Merger • Aerospace

Pursuit Aerospace Acquires Whitcraft

On February 16, 2023, Pursuit Aerospace acquired aerospace company Whitcraft from Greenbriar Equity Group

Acquisition Context
  • This is Pursuit Aerospace’s 2nd transaction in the Aerospace sector.
  • This is Pursuit Aerospace’s 2nd transaction in the United States.
  • This is Pursuit Aerospace’s 1st transaction in Connecticut.

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M&A Deal Summary

Date February 16, 2023
Target Whitcraft
Sector Aerospace
Buyer(s) Pursuit Aerospace
Sellers(s) Greenbriar Equity Group
Deal Type Merger

Target Company

Whitcraft

Eastford, Connecticut, United States
Whitcraft is a manufacturer of high quality, precision formed, machined and fabricated metal parts for the U.S. aerospace industry. The Company manufactures new and replacement jet engine and helicopter parts for large engine manufacturers serving both the commercial and military aircraft market. Whitcraft was founded in 1960 and is based in Eastford, Connecticut.
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Buyer Overview 1

Buyer

Pursuit Aerospace

Manchester, Connecticut, United States

Category Company
Sector Aerospace
DESCRIPTION

Pursuit Aerospace is a global manufacturer of highly engineered aircraft engine components with capabilities across fabrication, precision machining, forging, casting, and complex assembly. Pursuit supports the world’s leading aero-engines across commercial and military aircraft platforms through longer-term relationships with OEMs and Tier 1 suppliers. Pursuit Aerospace is based in Manchester, Connecticut.


Deal Context for Buyer #
Overall 2 of 4
Sector: Aerospace 2 of 3
Type: Merger 2 of 2
State: Connecticut 1 of 1
Country: United States 2 of 3
Year: 2023 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-16 Dynamic Precision Group

Stuart, Florida, United States

DPG was created to build a platform of leading independent manufacturers of critical components for the hot section of commercial and military aircraft engines and industrial gas turbines. DPG has acquired TurboCombustor Technology, Paradigm Precision and certain facilities from Unison Engine Components, a subsidiary of GE Aviation.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-06-13 Larson Forgings

Chicago, Illinois, United States

Larson Forgings is a provider of seamless rolled rings and open-die forgings. Larson Forgings was formed in 1895 and is headquartered in Chicago, Illinois.

Buy -

Seller Profile 1

SELLER

Greenbriar Equity Group

Greenwich, Connecticut, 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 Greenwich, Connecticut.


Deal Context for Seller #
Overall 25 of 28
Sector: Aerospace 5 of 6
Type: Merger 1 of 1
State: Connecticut 2 of 2
Country: United States 21 of 24
Year: 2023 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-16 Pursuit Aerospace

Manchester, Connecticut, United States

Pursuit Aerospace is a global manufacturer of highly engineered aircraft engine components with capabilities across fabrication, precision machining, forging, casting, and complex assembly. Pursuit supports the world’s leading aero-engines across commercial and military aircraft platforms through longer-term relationships with OEMs and Tier 1 suppliers. Pursuit Aerospace is based in Manchester, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-05 Towne Park

Plymouth Meeting, Pennsylvania, United States

Towne Park is a provider of contracted hospitality services and parking systems nationwide. Towne Park was founded in 1988 and is based in Plymouth Meeting, Pennsylvania.

Buy -