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MidOcean Partners completes the sale of Noranco Inc. to Precision Castparts Corp.

MidOcean Partners, a leading mid-market private equity firm, has completed the sale of Noranco Inc. to Precision Castparts Corp on October 30, 2015. Noranco is a leading supplier of complex machined components and assemblies for mission-critical landing gear, aerostructures, and aero engine applications to the aerospace industry.

MidOcean acquired the company in April, 2013 with co-investors, and paired its operating resources in the aerospace sector with the Company's management team to drive revenue growth and complete two accretive acquisitions.

"Our successful investment in Noranco is a perfect example of MidOcean's strategy to back strong management teams who leverage our operating resources to drive growth and operating efficiency," commented Ted Virtue, CEO of MidOcean. "Noranco has been a terrific platform to consolidate the highly fragmented aerospace sector and this is a great outcome for our investors."

Press release issued by Noranco Inc. on November 2, 2015

 

 Contact details from our directory:
Noranco Inc. Aircraft Landing Gear, Aircraft Structural Components

 

 Related directory sectors:
Structural Components
Landing Assemblies

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