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ORS Nasco Acquires Techniweld USA
ORS Nasco Acquires Techniweld USA

Business Wire

time06-05-2025

  • Business
  • Business Wire

ORS Nasco Acquires Techniweld USA

ROSEMONT, Ill.--(BUSINESS WIRE)--ORS Nasco ('ORS'), North America's largest pure wholesaler of industrial MRO supplies, and a portfolio company of Wynnchurch Capital, L.P. ('Wynnchurch'), announces the acquisition of Techniweld USA ('Techniweld' or the "Company"). Headquartered in Atlanta, Georgia, Techniweld is a wholesaler of welding, safety, and industrial supplies. Techniweld services both national and small independent welding, safety, and industrial distributors and supplies a broad spectrum of products, including filler metals, welding wire, helmets, cables, gloves, and other welding / safety products. 'We are excited to grow our presence in the welding market with the acquisition of Techniweld. The Company's commitment to its customers, breadth of product offering, and strong reputation make it an excellent addition to the ORS portfolio,' said Kevin Short, CEO of ORS Nasco. Foley & Lardner LLP acted as legal advisor to Wynnchurch. About Techniweld USA: Techniweld is a wholesaler of welding, safety, and industrial supplies. Techniweld services both national and small independent welding, safety, and industrial distributors and supplies a broad spectrum of products, including filler metals, welding wire, helmets, cables, gloves, and other welding / safety products. For more information, please visit: About ORS Nasco: ORS Nasco is a leading wholesaler of industrial MRO products serving customers across the U.S., Canada and the Middle East with ~190k SKUs sourced from over 250 OEMs. The Company operates across 13 distribution locations and services distributors focused on industrial end markets. For more information, please visit: www​.orsnasco​.com. About Wynnchurch Capital: Wynnchurch Capital, L.P., headquartered in the Chicago suburb of Rosemont, Illinois, with an affiliate in Canada, was founded in 1999 and is a leading middle-market private equity investment firm. Wynnchurch's strategy is to partner with middle market companies in the United States and Canada that possess the potential for substantial growth and profit improvement. Wynnchurch manages a number of private equity funds with $8.6 billion of regulatory assets under management and specializes in recapitalizations, growth capital, management buyouts, corporate carve-outs, and restructurings. Recently, Wynnchurch acquired Astro Shapes, a leading manufacturer of custom aluminum extrusions. Other recent investments include: Principal Industries, a leading provider of LED components and engineered assemblies; ORS Nasco, North America's largest pure wholesaler of industrial MRO supplies; and Hydraulic Technologies, a market leader in high-pressure hydraulic tools. For more information, please visit: or follow us on LinkedIn.

Aviation Experts Appointed To New Independent Review Function
Aviation Experts Appointed To New Independent Review Function

Scoop

time23-04-2025

  • Business
  • Scoop

Aviation Experts Appointed To New Independent Review Function

Press Release – New Zealand Government Mr Meager today announced the appointment of Kevin Short, Rob MacGregor and Ashok Poduval as the three reviewers for the new independent review function for aviation decisions. Acting Minister of Transport Three experts have been appointed as independent reviewers, making it easier and more affordable for New Zealanders to operate in the aviation sector, Acting Transport Minister James Meager says. Mr Meager today announced the appointment of Kevin Short, Rob MacGregor and Ashok Poduval as the three reviewers for the new independent review function for aviation decisions. 'All three appointees are highly skilled professionals, with decades of aviation and leadership experience between them across both the public sector and the private sector,' Mr Meager says. 'Kevin Short offers extensive leadership and experience in assessing and testing highly technical information. He is the former Chief of Defence Force and was previously a senior officer within the Royal New Zealand Air Force. 'Rob MacGregor brings 50 years of aviation experience within New Zealand and internationally, including former roles as Chief Executive of Texel Air and as an airworthiness inspector for the CAA New Zealand and Qatar. ' Ashok Poduval is a highly experienced aviation professional who has served as Chief Executive of the Massey University School of Aviation since 2005 and was most recently the President of the Aviation Industry Association. The independent review function was established by the Civil Aviation Act which came into force on 5 April 2025. Independent reviewers have recommendatory powers, with the Director of Civil Aviation having final decision rights. The reviewers have been appointed for three-year terms, expiring on 31 March 2028. 'The new function offers opportunities that will make it easier and more affordable for aviation sector participants in New Zealand to access fair outcomes and challenge decisions that have a significant impact on their livelihoods, such as cancelling or suspending a pilot's licence,' Mr Meager says. 'The independent review function provides an alternative option for people wanting to appeal an aviation decision through the courts and is intended to enhance transparency and accountability within the aviation regulatory framework. 'Being able to have decisions reviewed independently will now mean those people won't incur these costs and delays, and they'll have the opportunity for a quick, cost-effective determination.' 'I look forward to seeing how this new independent review function will support people in their careers and in their involvement in aviation in our country.'

Aviation Experts Appointed To New Independent Review Function
Aviation Experts Appointed To New Independent Review Function

Scoop

time23-04-2025

  • Business
  • Scoop

Aviation Experts Appointed To New Independent Review Function

Acting Minister of Transport Three experts have been appointed as independent reviewers, making it easier and more affordable for New Zealanders to operate in the aviation sector, Acting Transport Minister James Meager says. Mr Meager today announced the appointment of Kevin Short, Rob MacGregor and Ashok Poduval as the three reviewers for the new independent review function for aviation decisions. 'All three appointees are highly skilled professionals, with decades of aviation and leadership experience between them across both the public sector and the private sector,' Mr Meager says. 'Kevin Short offers extensive leadership and experience in assessing and testing highly technical information. He is the former Chief of Defence Force and was previously a senior officer within the Royal New Zealand Air Force. 'Rob MacGregor brings 50 years of aviation experience within New Zealand and internationally, including former roles as Chief Executive of Texel Air and as an airworthiness inspector for the CAA New Zealand and Qatar. ' Ashok Poduval is a highly experienced aviation professional who has served as Chief Executive of the Massey University School of Aviation since 2005 and was most recently the President of the Aviation Industry Association. The independent review function was established by the Civil Aviation Act which came into force on 5 April 2025. Independent reviewers have recommendatory powers, with the Director of Civil Aviation having final decision rights. The reviewers have been appointed for three-year terms, expiring on 31 March 2028. 'The new function offers opportunities that will make it easier and more affordable for aviation sector participants in New Zealand to access fair outcomes and challenge decisions that have a significant impact on their livelihoods, such as cancelling or suspending a pilot's licence,' Mr Meager says. 'The independent review function provides an alternative option for people wanting to appeal an aviation decision through the courts and is intended to enhance transparency and accountability within the aviation regulatory framework. 'Being able to have decisions reviewed independently will now mean those people won't incur these costs and delays, and they'll have the opportunity for a quick, cost-effective determination.' 'I look forward to seeing how this new independent review function will support people in their careers and in their involvement in aviation in our country.'

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