Wencor, headquartered in Springville, UT, designs, repairs and distributes highly-engineered aftermarket replacement components for its global customer base consisting of commercial airlines and maintenance, repair, and overhaul (“MRO”) providers. Wencor delivers significant cost-saving solutions to its customers by leveraging three strategically integrated and complementary capabilities: (i) proprietary Parts Manufacturer Approval, or “PMA” parts that are alternatives to original equipment manufacturer (“OEM”) replacement parts; (ii) component repair services, which include component maintenance manual (“CMM”) and designated engineering representative (“DER”) repairs for components and piece parts; and (iii) a global aftermarket parts distribution platform serving nearly every airline and MRO in the industry. Wencor is a market leader in each of its business segments, being the #1 non-engine component PMA provider, a top 3 player in its niche repair categories, and a top 3 player in its niche distribution product categories. As a result, Wencor has very strong relationships with its airline and MRO customers, with annual customer retention rates of 98%.Warburg Pincus first invested in Wencor Group in 2014.
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