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Private Equity

MidOcean Partners, PSP Investments complete Noranco sale

by pehub.com posted 2years ago 9571 views
NEW YORK, November 2, 2015 – MidOcean Partners (“MidOcean”), a leading mid-market private equity firm, has completed the sale of Noranco Inc. to Precision Castparts Corp on October 30, 2015. Noranco is a leading supplier of complex machined components and assemblies for mission-critical landing gear, aerostructures, and aero engine applications to the aerospace industry. MidOcean acquired the company in April, 2013 with co-investors, and paired its operating resources in the aerospace sector with the Company’s management team to drive revenue growth and complete two accretive acquisitions. “Our successful investment in Noranco is a perfect example of MidOcean’s strategy to back...