NEW YORK, NY – April 9, 2019 – Wincove Private Holdings, LP (“Wincove”) announced today that it has recently invested in Fortbrand Services, LLC (“Fortbrand” or the “Company”).
Fortbrand is a leading provider of maintenance and support equipment to the aviation industry. The Company sells, leases and rents aircraft ground support equipment and airfield maintenance equipment to commercial airlines, ground handling companies and airports throughout North America. Through its operation in Sastamala, Finland, the Company also services airport operators throughout Europe and Asia. Wincove is partnering with Peter Stearn, who will continue his role at the Company, as well as seasoned industry executive Salvatore Calvino, who will lead Fortbrand’s strategic growth.
John Lenahan, Partner at Wincove, added, “Fortbrand is an industry leader that provides exceptional service to its customers. We are very excited to partner with existing management to support the Company’s growth.”
Peter Stearn, Senior Vice President of Fortbrand, added, “We look forward to partnering with Wincove for the Company’s next chapter. Wincove’s long-term investment horizon and experience working with growing companies were highly attractive to us as we explored potential partnerships.”
Salvatore Calvino, Executive Chairman of Fortbrand, added, “We are excited to bring Fortbrand to the next level. Fortbrand has an outstanding reputation in the industry, consistently providing customers with high quality equipment and service. We will continue to build on these strengths.”
About Fortbrand Services
Fortbrand Services is a leading provider of ground support and airfield maintenance equipment to the global aviation industry. Fortbrand’s Ground Support Equipment business provides sales, leasing and short-term rentals of mission critical ground support equipment to airlines, ground handling companies and fixed base operators. The Company’s Airfield Maintenance Equipment business distributes snow removal and maintenance equipment to airports. For over three decades, Fortbrand has met the needs of airlines, airport operators, fixed-base operators and ground handling companies, serving as a single source solution for equipment needs. Fortbrand is based in Plainview, NY and has a branch in Sastamala, Finland. For more information, please visit www.fortbrand.com.
About Wincove Private Holdings, LP
Wincove Private Holdings is an investment holding company that creates long-term capital appreciation for its shareholders by partnering with business owners, entrepreneurs and management teams to build market-leading companies. With offices in Boston and NY, Wincove has a permanent capital base, and can therefore stay invested in its partner companies for an unlimited time horizon. For more information about Wincove, please visit www.wincove.com.