Odyssey-backed Wencor Group acquires XTRA Aerospace

Odyssey Investment Partners portfolio company Wencor Group has acquired XTRA Aerospace, a component repair station for commercial aircraft. Corporate Finance Associates, Inc., worked as exclusive advisor to XTRA Aerospace on the sale.

Press Release

Corporate Finance Associates, Inc., an international investment banking firm providing merger, acquisition and financial advisory services, is pleased to announce that it was the exclusive advisor to XTRA Aerospace, Inc. on its sale to Wencor Group, a portfolio company of Odyssey Investment Partners.

XTRA Aerospace, Inc. (XTRA) is an ISO 9001:2008, FAA/EASA and ANAC certified component repair station located near Miami in Miramar, Florida. The Company provides maintenance, repair, and overhaul of Electronic Accessory, Radio, Instrument, Hydraulic, Electromechanical, and Galley components for commercial aircraft. XTRA repairs, services, and sells approximately 20,000 different line items across Airbus, Boeing, Embraer, and Bombardier aircraft families.

XTRA Aerospace further augments Wencor Group’s electrical repair capabilities as it specializes in electrical components throughout the cockpit and interior of commercial aircraft. This strategic combination will enable XTRA to leverage Wencor Group’s PMA and DER capabilities in order to bring additional savings to its broad base of airline and MRO customers.

“We were especially impressed with the incredible number of diverse and qualified suitors procured by CFA,” said Mario Catalano, Co-Owner and VP of Technical Programs at XTRA. “Their experienced, professional staff provided courteous, responsive, and personalized service every step of the way.”

“It was truly a pleasure to work with the owners of XTRA and play a role in the history of this remarkable company,” stated Joe Contaldo, Managing Director and Chairman of CFA’s Aerospace & Defense Practice Group. “The professionalism shown by Wencor and Odyssey was world class and they will be a great partner to continue XTRA’s growth going forward.”

About Wencor Group, LLC
Wencor Group manufactures, repairs, and distributes aircraft parts for operators, repair stations and manufacturers across the globe. Wencor Group provides CMM and DER repairs for components and piece parts. Wencor Group also distributes a wide variety of aftermarket parts including bearings, seals, hardware, filters, electrical components, lighting, and interiors. Wencor Group also provides targeted solutions for both US and foreign militaries. With more than 7000 PMAs and 2000 DER repairs, Wencor Group has PMAs and DERs for all aircraft systems and is adding more daily. Wencor Group offers inventory management programs, kitting, and repair management.

About Odyssey Investment Partners
Odyssey Investment Partners, LLC, with offices in New York and Los Angeles, is a leading middle-market private equity firm with more than $4.0 billion under management. Odyssey Investment Partners, LLC primarily makes majority, controlled investments typically in established middle-market companies in a variety of industries.

About Corporate Finance Associates

Founded in 1956, Corporate Finance Associates is one of the largest and most experienced middle-market M&A Advisory and Investment Banking firms in the nation. CFA has offices across the United States, Canada, Mexico, India, and partner offices in Brazil, China and throughout Europe. CFA’s Aviation, Aerospace & Defense Industry Practice Group is a multi-disciplinary group of investment banking advisors providing M&A and financing advice to companies in all sectors of the Aviation and Aerospace industry. More information is available at www.cfachicago.com.