Weinberg Capital-backed Aero 3 buys Avianor's wheel and brake unit
Aero 3 Inc, a portfolio company of U.S. private equity firm Weinberg Capital Group, has bought the Wheel & Brake Division (W&B) of Avianor Inc, an aerospace and rail equipment specialist based in Montréal. No financial terms were released. Avianor W&B is a wheel and brake maintenance facility with capacity to overhaul over 10,000 units per year. Aero 3, a U.S.-based holding company formed in 2012 to acquire AeroRepair Corp and Hemico Inc, will rename the acquired business AeroRepair Canada. Weinberg said the deal will enhance Aero 3's capabilities and geographic reach.
13 October 2015•3 mins read
