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08.09.2019
A Message From CEO Todd Renehan:
As you may already know, Wesco Aircraft has agreed to be acquired by an affiliate of Platinum Equity. This exciting news means that, upon transaction close, which is expected to occur by end of calendar 2019, we will be a privately held company and no longer traded publicly.
Wesco is expected to be combined with Platinum Equity portfolio company Pattonair, a provider of supply chain management services for the aerospace and defense industries based in the United Kingdom. Bringing Wesco and Pattonair together will create a truly global enterprise, benefiting the combined customer base through increased scale and access to new technologies.
This transaction will be good for Wesco and for all of our stakeholders. It is a strong validation of our customer value proposition and will allow us to find new and innovative ways to bring more value to customers, enhance supplier relationships and create additional opportunities for employees.
For all of us at Wesco, it remains business as usual. We will continue to work with our customers and suppliers as we always have, and any future changes related to the transaction will be communicated well in advance.
Thank you for your dedication to Wesco Aircraft. This is an important time for our organization, and we would not be here without the trust and support of our investors, employees, customers and suppliers. I look forward to seeing what we achieve together in our next chapter.
Todd Renehan, Chief Executive Officer
Incora recently announced changes to the business structure and Executive Leadership Team that will enable us to be in the best position for future success.
The Women in Aviation and Aerospace Charter (WIAAC) today announced the Chair of the Civil Aviation Authority (CAA), Sir Stephen Hiller, as its new Patron to reinforce the importance of male allies in the drive towards equality in the industry.