Cronus Partners announces sale of Evolution Aero

Cronus Partners LLC is pleased to announce that it acted as financial advisor to Evolution Aero, LLC, a world-class manufacturer of parts and assemblies for the aerospace and power generation industries, in the sale of substantially all the assets of EvoAero, Inc. in Windsor CT and Condor Industries, LLC in Fort Lauderdale FL to Whitcraft Group, an Eastford CT-based aeroparts manufacturer.

Charles Agreda, President of Evolution Aero, commented, "The sale of my businesses leaves a legacy that was built with the support of loyal and dedicated employees, fellow business owners, suppliers, and friends who have partnered with us to manufacture the toughest components to support our customer demands. The new owners are highly respected within the aerospace industry, and the companies have many business synergies to foster growth. I want to thank Cronus for its tireless efforts in bringing the transaction to fruition."

Jeffrey Rubin, Managing Partner at Cronus, added, "The transaction significantly increases the production capacity of the combined companies and expands Whitcraft's reach outside of aerospace into the power generation industry. Cronus is pleased to have been a part of the team achieving this successful combination and to have had the opportunity to bring our expertise to bear."