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Business/Financial

Whitcraft, Paradigm Precision Combined To Form New Aircraft Engine Supplier

By Cal Biesecker

Thursday, February 16th, 2023

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Whitcraft, Paradigm Precision Combined To Form New Aircraft Engine Supplier

Doug Folsom, CEO of Pursuit Aerospace. LinkedIn photo.

Commercial and military aircraft engine supplier Pursuit Aerospace stood up on Thursday following the combination of Whitcraft Group and Paradigm Precision. The new 3,000 employee company does a roughly equal amount of business supporting commercial and military programs and its customers are aircraft engine manufacturers. Pursuit Aerospace is owned by the private equity firms Clayton, Dubilier & Rice (CD&R), and Greenbriar Equity Group. Greenbriar already had a stake in Whitcraft and the firms acquired Paradigm from The Carlyle Group. Terms…

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