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Platinum Equity Affiliate Buys Wesco Aircraft

Aerospace distributor Wesco Aircraft Holdings Inc. (NYSE: WAIR), Valencia, California, has entered into a definitive merger agreement to be acquired by an affiliate of Platinum Equity in a transaction valued at $1.9 billion.

Wesco Aircraft will be combined with the Platinum Equity portfolio company Pattonair.

"We are excited about the opportunities a combination with Pattonair will provide Wesco. This is the right transaction for our shareholders, customers and employees," said Wesco Aircraft CEO Todd Renehan.

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