Latest news with #NorthstarAerospace
National Post
9 hours ago
- Business
- National Post
Wynnchurch Capital Exits Northstar Aerospace
Article content ROSEMONT, Ill. — Wynnchurch Capital, L.P. ('Wynnchurch'), a leading middle market private equity firm, is pleased to announce the sale of Northstar Aerospace ('Northstar' or the 'Company') to GE Aerospace. Article content Headquartered in Bedford Park, Illinois, Northstar is a manufacturer of flight-critical and non-flight-critical parts for military and commercial aircraft applications. The Company provides a broad base of complex and highly engineered products, including gears, housings, assemblies, and shafts for helicopter transmission systems. Article content Article content Frank Hayes, Managing Partner at Wynnchurch, stated, 'Northstar presented a compelling opportunity to acquire a niche aerospace and defense manufacturer at an attractive valuation through a bankruptcy process. Despite the complexities involved, the Company distinguished itself with its strong market position, specialized equipment and processes, and long-standing customer relationships.' Article content Greg Gleason, Managing Partner at Wynnchurch, stated, 'We are thankful to the Northstar team for all their hard work over the years. During our partnership, we upgraded systems and processes, drove continuous improvement throughout the Company's operations, and strengthened commercial agreements. This led to meaningful value creation for customers, employees, and shareholders.' Article content Scott Burdick, the CEO of Northstar, said, 'Wynnchurch has been an excellent partner. We appreciate their significant support and resources which have helped improve all aspects of the business. We look forward to the next chapter of growth with GE Aerospace.' Article content Vedder Price provided legal advice to Wynnchurch in connection with the transaction, and Lincoln International and Moelis & Company served as financial advisors. Article content About Northstar: Article content Headquartered in Bedford Park, Illinois, Northstar is a manufacturer of flight-critical and non-flight-critical parts for military and commercial aircraft applications. The Company provides a broad base of complex and highly engineered products, including gears, housings, assemblies, and shafts for helicopter transmission systems. Northstar has strong, long-term relationships with key OEMs in the aerospace and defense industry. Article content About Wynnchurch Capital: Article content 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: Article content Article content Article content Article content Article content Contacts Article content For new investment opportunities, please contact: Article content
Yahoo
9 hours ago
- Business
- Yahoo
Wynnchurch Capital Exits Northstar Aerospace
ROSEMONT, Ill., June 26, 2025--(BUSINESS WIRE)--Wynnchurch Capital, L.P. ("Wynnchurch"), a leading middle market private equity firm, is pleased to announce the sale of Northstar Aerospace ("Northstar" or the "Company") to GE Aerospace. Headquartered in Bedford Park, Illinois, Northstar is a manufacturer of flight-critical and non-flight-critical parts for military and commercial aircraft applications. The Company provides a broad base of complex and highly engineered products, including gears, housings, assemblies, and shafts for helicopter transmission systems. Frank Hayes, Managing Partner at Wynnchurch, stated, "Northstar presented a compelling opportunity to acquire a niche aerospace and defense manufacturer at an attractive valuation through a bankruptcy process. Despite the complexities involved, the Company distinguished itself with its strong market position, specialized equipment and processes, and long-standing customer relationships." Greg Gleason, Managing Partner at Wynnchurch, stated, "We are thankful to the Northstar team for all their hard work over the years. During our partnership, we upgraded systems and processes, drove continuous improvement throughout the Company's operations, and strengthened commercial agreements. This led to meaningful value creation for customers, employees, and shareholders." Scott Burdick, the CEO of Northstar, said, "Wynnchurch has been an excellent partner. We appreciate their significant support and resources which have helped improve all aspects of the business. We look forward to the next chapter of growth with GE Aerospace." Vedder Price provided legal advice to Wynnchurch in connection with the transaction, and Lincoln International and Moelis & Company served as financial advisors. About Northstar:Headquartered in Bedford Park, Illinois, Northstar is a manufacturer of flight-critical and non-flight-critical parts for military and commercial aircraft applications. The Company provides a broad base of complex and highly engineered products, including gears, housings, assemblies, and shafts for helicopter transmission systems. Northstar has strong, long-term relationships with key OEMs in the aerospace and defense industry. 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. View source version on Contacts For new investment opportunities, please contact: Mike TeplitskyPartnermteplitsky@ Scott FitchPartnersfitch@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
