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October 12, 2017

Wencor Group Announces Acquisition Of Fortner Engineering & Manufacturing

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.