Harris Williams & Co. Advises West Star Aviation, Inc. on its Sale to Norwest Equity Partners

May 2, 2016

Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide for 25 years, announces the sale of West Star Aviation, Inc. (West Star) to Norwest Equity Partners (NEP). Harris Williams & Co. served as the exclusive financial advisor to West Star, a leading provider of maintenance, repair and overhaul services (MRO) to the business aviation industry. The transaction was led by Chris Rogers, Doug Kinard and David Jones from Harris Williams & Co.’s Aerospace, Defense & Government Services (ADG) Group.

“The West Star platform was built from the ground up by its current leadership team into one of the fastest growing providers of business aviation MRO services in the world,” said Chris Rogers, a managing director at Harris Williams & Co. “We thoroughly enjoyed working with Bob Rasberry and his team and look forward to West Star’s continued success in partnership with NEP.” 

“What makes West Star special is its unique combination of full-service repair capabilities with an unmatched dedication to customer service, having been voted the #1 Preferred MRO in Professional Pilot Magazine for three years in a row,” added Doug Kinard, a director at Harris Williams & Co. “The West Star platform is still in its early innings, with many years of tremendous growth ahead.”

West Star offers a complete range of MRO services including airframe maintenance, avionics installation and repair, interior refurbishment, paint, parts and accessory services. West Star offers an extremely responsive turnaround time and a unique one-stop shop approach, both of which help to minimize aircraft downtime and the need to fly to multiple destinations for different services for business jet owners.  Headquartered in East Alton, Illinois, West Star has additional, strategically-located key operating locations in Grand Junction, Colorado, and Chattanooga, Tennessee, along with additional satellite operations at various locations throughout the Midwest.

NEP, founded in 1961, is a leading equity investment firm focused on partnering with companies to build them into industry leaders. Having raised more than $7.1 billion since inception, NEP is one of the largest and oldest equity investment firms in the Upper Midwest and has a long-standing history of investment and operational success and an extensive network of resources.

Harris Williams & Co. (www.harriswilliams.com), a member of The PNC Financial Services Group, Inc. (NYSE:PNC), is a preeminent middle market investment bank focused on the advisory needs of clients worldwide.  The firm has deep industry knowledge, global transaction expertise and an unwavering commitment to excellence.  Harris Williams & Co. provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services.

Harris Williams & Co.’s ADG Group offers strategic advice to a global base of leading aerospace, defense and government services clients. For more information on the ADG Group and other recent transactions, visit the ADG Group’s section of the Harris Williams & Co. website. 

Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, which is authorized and regulated by the Financial Conduct Authority.  Harris Williams & Co. is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business.