MidOcean Partners, a leading mid market private equity firm, has acquired, along with co-investors, a significant equity position in Noranco Inc., a leading supplier of complex machined and sheet metal components, kits, and assemblies for mission-critical landing gear, aero structure, and aero engine applications to the aerospace industry.
The company, with operations in Canada and the U.S., focuses solely on the aerospace industry, covering commercial/regional jet, business jet and military/rotorcraft markets. The company’s key customers include Honeywell, United Technologies, Bombardier, Messier-Dowty and Spirit AeroSystems.
As part of this acquisition, Michael Baughan, a MidOcean Executive Board member and former President and COO of B/E Aerospace, will become Chairman of Noranco.
