Weinberg Capital Group has announced the successful exit of its interest in Aero 3, Inc. (AeroRepair), a provider of wheel and brake maintenance, repair and overhaul services to the commercial, corporate and general aviation industries, the company said.
Weinberg Capital invested in AeroRepair in early-2012, attracted by the quality of the people, favorable industry dynamics and strong reputation of the company which served as an attractive platform for growth. During Weinberg Capital´s ownership, AeroRepair grew from a single facility located in New Hampshire to the largest independent wheel and brake Maintenance, Repair and Overhaul (MRO) platform in North America with six locations in New Hampshire, Georgia, Indiana, Arizona, Quebec and Alberta.
Weinberg Capital Group was represented by KeyBanc Capital Markets, Inc. and Benesch, Friedlander, Coplan & Aronoff LLP in connection with the transaction.
Weinberg Capital Group is a Cleveland, OH based private equity firm that invests in well-positioned middle market companies located throughout the US with annual revenue from USD 10 to 100 million and EBITDA ranging from USD 2 to 10 million.