Investors merge funds to set up new aerospace machinery and components combo

Investors Clayton, Dubilier & Rice (CD&R) and Greenbriar Equity Group on Wednesday announced “definitive agreements” under which CD&R-managed funds and those managed by Greenbriar will be used to combine Paradigm Precision, a global independent provider of complex machining, fabrications and assemblies for engine manufacturers, which was previously owned by funds managed by Carlyle, with Greenbriar’s Whitcraft Group, a manufacturer of precision formed, machined, and fabricated flight-critical aerospace components. Amalgamation with Whitcraft will, CD&R and Greenbriar believe, “create a scaled and diversified manufacturer of complex, high-tolerance components used in commercial and military aviation engines”. “We are excited to work with the