(Bloomberg) -- Warburg Pincus is exploring a sale of Wencor Group, which designs, repairs and distributes after-market replacement components for airlines, according to people with knowledge of the matter.
The private equity firm is working with an adviser to solicit interest in the Peachtree City, Georgia-based company, said the people, who asked to not be identified because the effort is private. Any transaction could value Wencor at about $1.5 billion, one of the people said.
A representative for Warburg Pincus declined to comment. A representative for Wencor didn’t immediately respond to a request for comment.
Warburg first invested in Wencor in 2014, according to its website. The company is led by Chief Executive Officer Shawn Trogdon, according to its website.
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