Warburg Pincus is exploring a sale of Wencor Group, which designs, repairs and distributes after-market replacement components for airlines, according to people with knowledge of the matter.
The private equity firm is working with an adviser to solicit interest in the Peachtree City, Georgia-based company, said the people, who asked to not be identified because the effort is private. Any transaction could value Wencor at about $1.5 billion, one of the people said.
Warburg first invested in Wencor in 2014, according to its website. The company is led by Chief Executive Officer Shawn Trogdon, according to its website.
Read more: BNN Bloomberg
