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."