Announced
Completed
Financials
Sources
Tags
United States
ground support equipment services
Acquisition
Majority
Private
Private Equity
Domestic
Friendly
ground support
Completed
Single Bidder
Maintenance Repair and Overhaul (MRO)
Synopsis
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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