Generational Equity, a leading mergers and acquisitions advisor for privately-held, middlemarket companies, is pleased to announce the acquisition of certain assets of its client, AeroRepair Corp. & Hemico, Inc. (AeroRepair) by The Weinberg & Bell Group.
AeroRepair is a Federal Aviation Administration (FAA) certified repair station, specializing in the repair of brake assemblies, corporate airlines, landing gear, wheel assemblies, and military aircraft. The Company holds a large pool of notable assets that are available for facilitation of time-sensitive repairs. AeroRepair also manufactures - using an FAA Parts Manufacturer Approval Certification - replacement and modified aircraft parts for outside sales. The former owners of the business will remain in place as investors and senior management. AeroRepair will remain in New Hampshire to continue its growth and expansion.
Managing Director, Doug Smith, and Vice President, Fred Zweifel, led the Generational Equity deal team that advised AeroRepair on the transaction. "With the solid growth of AeroRepair and the experience and success of Weinberg & Bell Group in the aviation industry, this acquisition made for the 'perfect fit' providing continued long term success," stated Fred Zweifel. Weinberg & Bell Group is an Ohio-based private equity group focusing on wellpositioned middle market companies who wish to keep management in place and reinvest in the transaction. AeroRepair is the third aerospace investment for the team of Weinberg & Bell Group.
"We are very pleased to be partnering with the former majority owners of AeroRepair. These gentlemen have built a nationally recognized business and we look forward to utilizing our aviation expertise and relationships to expand and enhance the Company's geographic reach, capabilities, and customer base," stated Daniel Bell, Managing Director at Weinberg & Bell Group.
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