Greenbriar Equity Group said Monday that it has bought the Aerospace Hardware division of Anixter International and established Align Aerospace. Chatsworth, Calif.-based Align distributes hardware components, logistics and supply chain solutions to the aerospace and defense industries.
Greenbriar Equity Group LLC, a Private Equity firm specializing in the worldwide aerospace industry, has announced the establishment of Align Aerospace through the acquisition of the Aerospace Hardware division of Anixter International Inc. (NYSE: AXE). The executive leadership team and employees, as well as business processes and systems, have moved as one, and are immediately operational and scalable to support customers’ global requirements as Align Aerospace.
“We at Greenbriar are proud to partner with the Align Aerospace team to grow their business,” said Ray Benvenuti, Managing Director at Greenbriar Private Equity Group LLC. “The message from customers and suppliers was loud and clear, that ‘Align Aerospace’s staff is the best in the business.’”
“With Greenbriar by our side, Align Aerospace is more strongly positioned for growth,” added Gary Conrad, CEO of Align Aerospace. “We look forward to expanding our relationships with our customers and supply base as we leverage our new investment partner’s excitement in aiding the future growth plans of our business.”
Align Aerospace, headquartered in Chatsworth, CA, provides unparalleled quality & service in the distribution of hardware components, logistics and supply chain solutions to the global aerospace and defense industries.
About Greenbriar Equity Group:
Greenbriar Equity Group LLC, a private equity firm with $1.5 billion of capital under management, focuses exclusively on the global transportation industry, including companies in freight and passenger transport, aerospace and defense, automotive, logistics and distribution, and related sectors. Greenbriar invests with proven management teams who are interested in being significant equity owners in their companies as well as with corporate partners who are interested in raising capital. Greenbriar’s partners bring many decades of experience at the highest levels within the transportation industry. Additional information may be found at www.greenbriarequity.com.
About Align Aerospace:
Align Aerospace is a global provider of hardware components, logistics and supply chain solutions in the global aerospace and defense industries. The company has been providing services and solutions to blue-chip customers in North America, Europe and Asia since 1955. Between 1998 and 2011, the company operated as Pentacon, Eurofast SAS, and Anixter Aerospace Hardware. Align Aerospace ended its affiliation with Anixter International and began independent operations in August 2011.