# CD&R and Greenbriar complete acquisitions to form Pursuit Aerospace

Funds managed by Clayton, Dubilier & Rice and Greenbriar Equity Group completed the acquisition and combination of Whitcraft Group and Paradigm Precision, forming a new company called Pursuit Aerospace, a global manufacturer of complex aircraft engine components.

- Type: Acquisition
- Announced: 2023-02-16
- Where: Manchester, Connecticut, United States
- Value: $635.0M
- Status: completed
- Products: complex aircraft engine components
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Pursuit Aerospace](https://endata.com/companies/68608.md)
- [Clayton Dubilier & Rice](https://endata.com/companies/530.md) (investor)
- [Greenbriar Equity Group](https://endata.com/companies/3222.md) (investor)
- [Whitcraft Group](https://endata.com/companies/39662.md) (target)
- [Paradigm Precision](https://endata.com/companies/66945.md) (target)
- [Pursuit Aerospace](https://endata.com/companies/68608.md) (acquirer)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/cdr-and-greenbriar-equity-complete-acquisitions-to-create-a-new-leading-supplier-to-the-aerospace-industry-called-pursuit-aerospace-301748762.html), 2023-02-16: "Pursuit brings together two extraordinarily talented teams to forge an innovative, collaborative and solution-focused industry leader"
- [cbinsights.com](https://www.cbinsights.com/company/dynamic-precision-group), 2023-02-16: "In February 2023, Paradigm Precision merged with Pursuit Aerospace."
- [defensedaily.com](https://www.defensedaily.com/whitcraft-paradigm-precision-combined-to-form-new-aircraft-engine-supplier/business-financial/), 2023-02-16: "Commercial and military aircraft engine supplier Pursuit Aerospace stood up on Thursday following the combination of Whitcraft Group and Paradigm Precision."
- [cbinsights.com](https://www.cbinsights.com/investor/pursuit-aerospace), 2023-02-17: "Their latest acquisition was Whitcraft on February 16, 2023."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.