Announced
Completed
Financials
Tags
manufacturing
Single Bidder
automotive
Private
Domestic
Friendly
United States
Auto Services
Private Equity
Majority
Acquisition
Completed
Synopsis
Veritas Capital, a private equity fund, completed the acquisition of Sequa, a business managing jet engine repair and metal coating manufacturing from Carlyle, an investment company. Financial terms were not disclosed. “Chromalloy has emerged as an industry leader by leveraging technology and innovation to drive a highly unique value proposition for customers. We are thrilled to partner with Brian and the entire Chromalloy team, who have a proven track record of delivering differentiated solutions to the global engine ecosystem. Together, we are excited to continue investing in distinctive technology and deepening Chromalloy’s relationships with both existing and new customers," Ramzi Musallam, Veritas Chief Executive Officer and Managing Partner.
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