Linsalata Capital Partners Announces the Sale of The Whitcraft Group
Mayfield Heights, Ohio (April 5, 2017) – Linsalata Capital Partners announced the completion of the sale of The Whitcraft Group (“Whitcraft”) to Greenbriar Equity Group (“Greenbriar”) and management on April 3, 2017.
Whitcraft, headquartered in Eastford, Connecticut, is a leading manufacturer of highly-engineered precision formed, precision machined, and fabricated components for aerospace turbine engine OEMs and Tier I suppliers, including Pratt & Whitney, GE Aviation, Honeywell, UTAS, Sikorsky, Snecma and Rolls-Royce. Many of Whitcraft’s products are made of alloys and/or used in high-stress rotating and hot section applications in aerospace turbine engines. Whitcraft’s exceptional reputation for quality and on-time delivery across a spectrum of difficult-to-manufacture products has resulted in the Company’s status as the “go-to” supplier of choice for many of its customers.
“We are very pleased with the outcome of our partnership with the management team of Whitcraft and the strategic initiatives we implemented under with the leadership of Colin Cooper (CEO) and Jeff Paul (President),” said Murad Beg, Managing Director at LinCap. “Greenbriar’s interest and acquisition of Whitcraft affirms the strategic value created by focusing on investments in the business to support Whitcraft’s customer base for new product development and the impending challenging production ramps,” added Steve Perry, a Senior Managing Director at LinCap.
“LinCap was an excellent partner for management; they supported our investments in growth, operational excellence and the pursuit of complementary add-on acquisitions,” said Colin Cooper, Whitcraft’s Chief Executive Officer.
Lazard served as financial advisor to Whitcraft.