Davis Polk advised Barclays Capital Inc. as underwriter in connection with the secondary offering of 6,000,000 shares of common stock of Wesco Aircraft Holdings, Inc. sold by a selling stockholder, an affiliate of the Carlyle Group, for an aggregate price to the public of $123 million. Wesco Aircraft’s common stock is traded on the New York Stock Exchange under the symbol “WAIR.”
Based in Valencia, California, Wesco Aircraft is one of the world’s largest distributors and providers of comprehensive supply chain management services to the global aerospace industry, offering the world’s broadest inventory of aerospace parts, comprised of approximately 575,000 active stock-keeping units, including hardware, chemicals, electronic components, bearings, tools and machined parts. The company’s services range from traditional distribution to the management of supplier relationships, quality assurance, kitting, just-in-time delivery and point-of-use inventory management. Wesco Aircraft has more than 2,600 employees across 79 locations in 19 countries.
The Davis Polk corporate team included partner Michael Kaplan, associate Roman Ajzen and law clerk Darren Jackson. Counsel Loyti Cheng and associate Kevin J. Klesh provided environmental advice. Partner Samuel Dimon and associate Joseph Pahl provided tax advice. Counsel Marcie A. Goldstein provided FINRA advice. Members of the Davis Polk team are based in the New York office.
