Wencor, headquartered in Peachtree City, GA, 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.
Warburg Pincus is a leading global private equity firm focused on thesis-driven growth investing at scale. With more than $65 billion in assets under management, our active portfolio of more than 185 companies is highly diversified by stage, sector and geography. As an experienced partner to outstanding management teams, we help build durable companies with sustainable value. We have raised 19 private equity funds, which have invested more than $77 billion in over 870 companies in more than 40 countries.