newsfilter
← Latest News
Business Wire·

One Equity Partners' Portfolio Company EthosEnergy to Sell Aerospace & Defense Business

  • One Equity Partners announced that portfolio company EthosEnergy agreed to sell its aerospace and defense business, Ethos A&C, to Wencor Group LLC, a subsidiary of HEICO Corporation.
  • Financial terms of the private transaction were not disclosed.
  • The sale is part of EthosEnergy's strategy to simplify its structure & optimize for long-term value following One Equity Partners' acquisition of the company in December 2024.
  • EthosEnergy will maintain a relationship with the divested business to provide customers with access to specialized capabilities & services.
  • The transaction allows EthosEnergy to strengthen its core operations focused on industrial gas turbines while placing the A&D business within an organization aligned with its expertise.
  • Jefferies & KPMG International Ltd. provided financial advice, Davis Polk & Wardwell LLP provided legal counsel, & Arnovia LP provided commercial advice.