Northstar Aerospace Inc, a portfolio company of Wynnchurch Capital LLC, said April 30 that Scott Burdick was named CEO, while Dave McConnaughey will be retiring and transitioning to a board role. McConnaughey had been CEO of Northstar since 2012.
Northstar Aerospace Announces the Appointment of Scott Burdick as Chief Executive Officer
Rosemont, IL – April 30, 2019 – Northstar Aerospace, Inc. (“Northstar”), a portfolio company of Wynnchurch Capital, LLC (“Wynnchurch”), announced today that it has appointed Scott Burdick as Chief Executive Officer, and that Dave McConnaughey will be retiring and transitioning to a board role.
Mr. McConnaughey has been the Chief Executive Officer of Northstar since 2012. Frank Hayes, Managing Partner at Wynnchurch, said, “We are extremely appreciative of Dave’s service to the Company. While we are proud of what we accomplished, we are excited about the strong growth opportunities that lie ahead for Northstar under Scott’s leadership.”
With more than 25 years of experience within the aerospace industry, Mr. Burdick is a seasoned executive with strong leadership and manufacturing expertise in complex, mission critical components. His career spans multiple sub-verticals within the industry at companies including Precision Castparts, TECT Aerospace, and UTC Aerospace Systems (now Collins Aerospace).
Greg Gleason, Managing Director at Wynnchurch, added, “We are excited to partner with Scott. Scott’s manufacturing expertise, focus on operational excellence, and leadership experience in the aerospace industry make him a great fit for Northstar’s growth plans.”
Mr. Burdick said, “I am thrilled to serve as Chief Executive Officer of Northstar and partner with the Wynnchurch team to lead the Company through its next phase of growth. The Company is exceptionally well positioned with its customers, supplying flight-critical components to multiple attractive platforms. I look forward to continuing Northstar’s track record of success and taking advantage of the significant opportunities in front of us.”
About Northstar Aerospace:
Northstar Aerospace is a leading 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 and enjoys an exclusive position on two key defense helicopter programs. For more information, please visit: https://www.nsaero.com.
About Wynnchurch Capital:
Wynnchurch Capital, LLC, headquartered in the Chicago suburb of Rosemont, Illinois, with offices in California and 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 Capital manages a number of private equity funds with $2.2 billion of committed capital under management and specializes in recapitalizations, growth capital, management buyouts, corporate carve-outs and restructurings. For more information, please visit: https://www.wynnchurch.com.