Peachtree City, GA (October 12, 2017) — Wencor Group, a leading provider of innovative solutions to the aerospace industry, today announced the acquisition of Fortner Engineering & Manufacturing, Inc. (“Fortner”), a certified 145 repair station specializing in hydraulic component repair and maintenance with unique Designated Engineering Representative (“DER”) repair capability. Terms of the transaction were not disclosed.
“We are pleased to welcome Fortner to the Wencor team. This union aligns with our strategy to drive focused ATA chapter expansion and continues to strengthen our DER library while growing our repair offering in higher order assemblies. Dave Fortner and his team have developed a high quality, reliable, customer-focused MRO business that we will continue to support through investments in new capabilities, test equipment, and engineering talent,” said Chris Curtis, Chief Executive Officer of Wencor Group. “The Fortner executive team is incredibly
talented and will bolster the innovation and operational excellence within Wencor Group. We continue to look for opportunities to partner with stellar entrepreneurs to build comprehensive aftermarket component and repair solutions for our customers.”
Dave Fortner, President of Fortner, commented, “We are very excited about partnering with an organization that shares our philosophy of offering exceptional quality and the highest level of customer service. Together, Wencor and Fortner will provide reliable and cost effective aftermarket parts and services, diverse component repair and alternate repair solutions for sub-components and Line Replaceable Units to the global market.”
Houlihan Lokey Capital, Inc. served as financial advisor and Dentons served as legal counsel to the sellers. Sheppard, Mullin, Richter & Hampton LLP served as legal counsel to Wencor Group.
About Fortner Engineering & Manufacturing, Inc.
Fortner Engineering & Manufacturing, Inc. (“Fortner”), founded in 1952, has been an industry leader in hydraulic component maintenance, repair and overhaul (“MRO”) and an aftermarket services provider for the commercial and military aerospace industry. Specializing in flight-critical, difficult-to-repair hydraulic actuation, including flight control, landing gear and thrust reverser actuation system components. Fortner is focused on precision, reliability and efficiency, and supports many of the world’s leading airlines, cargo carriers, aviation services providers, and OEMs. The company is approved to perform repairs on Boeing, Airbus, Bombardier and Embraer platforms and utilizes proprietary DER repair processes that has resulted in a long-term track record of quality and on-wing reliability. Fortner currently operates two adjacent facilities located in Glendale, CA. For more information, please visit www.fortnereng.com.