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New Deal


Announced

Completed

Basalt Infrastructure Partners completed the acquisition of Fortbrand Services from Wincove Private Holdings.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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United States

ground support equipment services

Acquisition

Majority

Private

Private Equity

Domestic

Friendly

ground support

Completed

Single Bidder

Maintenance Repair and Overhaul (MRO)

Synopsis

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Basalt Infrastructure Partners, a private equity firm, completed the acquisition of Fortbrand Services, a ground support equipment maintenance services provider, from Wincove Private Holdings, a private equity firm. Financial terms were not disclosed. “Fortbrand is a leading provider of mission critical equipment for the air transportation industry and is well positioned in a market with emerging trends toward electrification and decarbonization. We are excited to work alongside the management team at Fortbrand to support the Company in its next stage of growth," Wil Jones, Basalt Partner.

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