M&A Deal Summary

Weinberg Capital Group Acquires Salt River Aviation

On December 20, 2023, family office Weinberg Capital Group acquired aerospace company Salt River Aviation

Acquisition Highlights
  • This is Weinberg Capital Group’s 2nd transaction in the Aerospace sector.
  • This is Weinberg Capital Group’s 13th transaction in the United States.
  • This is Weinberg Capital Group’s 1st transaction in Arizona.

M&A Deal Summary
Date 2023-12-20
Target Salt River Aviation
Sector Aerospace
Buyer(s) Weinberg Capital Group
Deal Type Recapitalization

Target

Salt River Aviation

Chandler, Arizona, United States
Salt River Aviation is an APU expert, acting as a holistic supplier of APUs, components, and related services to the entire aviation ecosystem including maintenance, repair, and overhaul providers (MROs), OEMs, airlines, lessors, and aftermarket distributors. Salt River Aviation was founded in 2006 and is based in Chandler, Arizona.

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Buyer(S) 1

Buyer

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 13 of 14
Sector (Aerospace) 2 of 3
Type (Recapitalization) 2 of 2
State (Arizona) 1 of 2
Country (United States) 13 of 14
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-10 HoodMart

Elyria, Ohio, United States

HoodMart specializes in the design, manufacture and sale of ventilation systems (exhaust hoods) for the large and growing commercial cooking industry. HoodMart is based in Elyria, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-02 Aviocraft

Chandler, Arizona, United States

Aviocraft is a maintenance, repair and overhaul ("MRO") provider specializing in batteries, chargers, communication devices, galley, relays and other aircraft accessories. Aviocraft is based in Chandler, Arizona.

Buy -
Mergr

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