CD&R and Greenbriar Combine Paradigm Precision and Whitcraft to Create Pursuit Aerospace

November 30, 2022

Funds managed by Clayton, Dubilier & Rice (CD&R) and Greenbriar Equity Group completed acquisitions of Paradigm Precision and Whitcraft Group and combined the businesses to form Pursuit Aerospace, a scaled manufacturer of complex aircraft engine components. The transaction aims to create a diversified, lean-focused supplier for commercial and military OEM engine platforms with leadership led by CEO Doug Folsom and Ray Conner as chairman.

Buyers
Clayton, Dubilier & Rice, Greenbriar Equity Group
Targets
Whitcraft Group, Paradigm Precision
Sellers
Funds managed by Carlyle (seller of Paradigm Precision)
Location
Connecticut, United States
Transaction Type
Buyout

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