{"id":909,"date":"2017-10-12T16:58:47","date_gmt":"2017-10-12T16:58:47","guid":{"rendered":"https:\/\/wencor.com\/airplane-new\/?post_type=news-posts&#038;p=909"},"modified":"2023-03-03T17:08:01","modified_gmt":"2023-03-03T17:08:01","slug":"wencor-group-announces-acquisition-of-fortner-engineering-manufacturing","status":"publish","type":"news-posts","link":"https:\/\/wencor.com\/airplane-new\/news-posts\/wencor-group-announces-acquisition-of-fortner-engineering-manufacturing\/","title":{"rendered":"Wencor Group Announces Acquisition Of Fortner Engineering &#038; Manufacturing"},"content":{"rendered":"<p><strong>Peachtree City, GA (October 12, 2017)<\/strong> &#8212; Wencor Group, a leading provider\u00a0 of\u00a0innovative solutions to the aerospace industry, today announced the acquisition\u00a0of Fortner Engineering &amp; Manufacturing, Inc. (&#8220;Fortner&#8221;), a certified 145 repair\u00a0station specializing in hydraulic component repair and maintenance with unique\u00a0Designated Engineering Representative (\u201cDER\u201d) repair capability. Terms of the\u00a0transaction were not disclosed.<\/p>\n<p>&#8220;We are pleased to welcome Fortner to the Wencor team. This union aligns with\u00a0our strategy to drive focused ATA chapter expansion and continues to strengthen\u00a0our DER library while growing our repair offering in higher order assemblies. Dave\u00a0Fortner and his team have developed a high quality, reliable, customer-focused\u00a0MRO business that we will continue to support through investments in new\u00a0capabilities, test equipment, and engineering talent,&#8221; said Chris Curtis, Chief\u00a0Executive Officer of Wencor Group. &#8220;The Fortner executive team is incredibly<br \/>\ntalented and will bolster the innovation and operational excellence within\u00a0Wencor Group. We continue to look for opportunities to partner with stellar\u00a0entrepreneurs to build comprehensive aftermarket component and repair\u00a0solutions for our customers.&#8221;<\/p>\n<p>Dave Fortner, President of Fortner, commented, &#8220;We are very excited about\u00a0partnering with an organization that shares our philosophy of offering exceptional\u00a0quality and the highest level of customer service. Together, Wencor and Fortner\u00a0will provide reliable and cost effective aftermarket parts and services, diverse\u00a0component repair and alternate repair solutions for sub-components and Line\u00a0Replaceable Units to the global market.&#8221;<\/p>\n<p>Houlihan Lokey Capital, Inc. served as financial advisor and Dentons served as\u00a0legal counsel to the sellers. Sheppard, Mullin, Richter &amp; Hampton LLP served as\u00a0legal counsel to Wencor Group.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wencor Group, a leading provider\u00a0 of\u00a0innovative solutions to the aerospace industry, today announced the acquisition\u00a0of Fortner Engineering &#038; Manufacturing, Inc. (&#8220;Fortner&#8221;), a certified 145 repair\u00a0station specializing in hydraulic component repair and maintenance with unique\u00a0Designated Engineering Representative (\u201cDER\u201d) repair capability. Terms of the\u00a0transaction were not disclosed.<\/p>\n","protected":false},"author":1,"featured_media":911,"comment_status":"open","ping_status":"open","template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"press-release-category":[5],"class_list":["post-909","news-posts","type-news-posts","status-publish","format-standard","has-post-thumbnail","hentry","press-release-category-archives"],"acf":[],"_links":{"self":[{"href":"https:\/\/wencor.com\/airplane-new\/wp-json\/wp\/v2\/news-posts\/909","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wencor.com\/airplane-new\/wp-json\/wp\/v2\/news-posts"}],"about":[{"href":"https:\/\/wencor.com\/airplane-new\/wp-json\/wp\/v2\/types\/news-posts"}],"author":[{"embeddable":true,"href":"https:\/\/wencor.com\/airplane-new\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/wencor.com\/airplane-new\/wp-json\/wp\/v2\/comments?post=909"}],"version-history":[{"count":0,"href":"https:\/\/wencor.com\/airplane-new\/wp-json\/wp\/v2\/news-posts\/909\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wencor.com\/airplane-new\/wp-json\/wp\/v2\/media\/911"}],"wp:attachment":[{"href":"https:\/\/wencor.com\/airplane-new\/wp-json\/wp\/v2\/media?parent=909"}],"wp:term":[{"taxonomy":"press-release-category","embeddable":true,"href":"https:\/\/wencor.com\/airplane-new\/wp-json\/wp\/v2\/press-release-category?post=909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}