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Stockholders approve Wesco Aircraft's merger with affiliate of Platinum Equity

Wesco Aircraft Holdings Inc. said its stockholders approved its proposed merger with an affiliate of private equity firm Platinum Equity LLC during a special meeting held Oct. 24.

Under the deal, Wesco Aircraft stockholders are set to receive $11.05 in cash for each share of stock they own.

The merger is expected to be completed by the end of 2019, subject to necessary approvals. Following completion, the Wesco Aircraft will be combined Platinum portfolio company Pattonair Ltd., which provides supply chain management services to the aerospace and defense industries in the U.K.