Greenbriar invests in aerospace components business Whitcraft

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Transport-focused New York investment house Greenbriar Equity Group has backed aerospace components business The Whitcraft Group.

Whitcraft provides sheet metal, precision welded and machined components for the aerospace and aircraft engine indsutries.

Greenbriar managing partner Noah Roy said, “We are proud to partner with Whitcraft to help continue their long-term track record of growth and successfully delivering on customer commitments.

“Whitcraft’s differentiated capabilities and superb management team provide a unique platform for continued growth in the aerospace engine market.”

Greenbriar narrowly raised its biggest fund to date in 2014 by holding a $1.1bn final close for its third vehicle.

Greenbriar was hoping to collect up to $1.25bn according to a source with knowledge of the fundraise, who spoke to AltAssets back in November 2012.

That vehicle easily beat its $750m target, which was chosen to be just higher than the firm’s $700m debut fund from 2001.

The firm focuses on companies in the aerospace and defense, automotive, distribution, freight and passenger transport, logistics and related sectors.

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