Announced
Completed
Financials
Tags
Acquisition
United States
Machinery: Specialty
Private Equity
manufacturing machines and components
Friendly
Domestic
Single Bidder
Private
Majority
complex machining
Merger
Completed
Synopsis
CD&R and Greenbriar Equity-backed Whitcraft, a manufacturer of precision formed, machined, and fabricated flight-critical aerospace components, completed the merger with Carlyle-backed Paradigm Precision, a global independent provider of complex machining, fabrications and assemblies for engine manufacturers. Financial terms were not disclosed. "We are excited to work with the Whitcraft and Paradigm management teams, alongside Greenbriar, a leading industrials investor, to enhance the continued execution of their customer-centric operations and growth strategy. We look forward to bringing together the best of both of these companies by driving operational improvements and an increased capability set that we believe will benefit customers and the commercial and military aviation engine market at large," Ray Conner, CD&R Operating Advisor.
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