Baird served as a co-manager on this offering
AboutWesco Aircraft Holdings, Inc. (“Wesco Aircraft” or the “Company”) (NYSE: WAIR) recently completed a follow-on offering of 17,250,000 shares of common stock at a price of $16.00 per share, generating gross proceeds of $276 million. All of the shares offered were sold by a selling shareholder. The Company will not receive any proceeds from the sale of shares in the offering.
Wesco Aircraft is one of the world's largest distributors and providers of comprehensive supply chain management services to the global aerospace industry on an annual sales basis. The Company’s services range from traditional distribution to the management of supplier relationships, quality assurance, kitting, just-in-time (“JIT”) delivery and point-of-use inventory management. Wesco Aircraft supplies approximately 500,000 different stock keeping units, or
SKUs, including hardware, bearings, tools, electronic components and machined parts. The Company serves over 7,400 customers in the commercial, military and general aviation sectors, including the leading original equipment manufacturers and their subcontractors, through which Wesco Aircraft supports nearly all major Western aircraft programs. The Company has more than 1,200 employees and operates across 42 locations in 12 countries.
For additional information about this transaction, please contact:
- May 2013
- Wesco Aircraft Holdings
- Target Location
- North America