Makaira Partners Buys More Wesco Aircraft ~ market folly

Tuesday, March 6, 2018

Makaira Partners Buys More Wesco Aircraft

Tom Bancroft's Makaira Partners has filed a Form 4 with the SEC regarding its stake in Wesco Aircraft Holdings (WAIR). 

Per the filing, Makaira acquired WAIR shares on March 1st and 5th.  In total, they bought 83,810 shares, with the bulk of the transaction coming at a weighted average price of $9.2699 per share. 

After these buys, they now own 10.81 million shares.  Bancroft and his family also own shares personally, according to the filing.  We've also previously detailed how Makaira was buying WAIR last August as well.

Per Google Finance, Wesco Aircraft Holdings is "a distributor and provider of supply chain management services to the global aerospace industry. The Company operates through two segments: North America and Rest of World. As of September 30, 2016, the Company supplied over 565,000 active stock-keeping units (SKUs), including C-class hardware, chemicals, electronic components, bearings, tools and machined parts. The Company's products include Hardware, Chemicals, Electronic Components, Bearings and Other Products. Its Services include Quality Assurance, Kitting and JIT Supply Chain Management. It caters to commercial, military and general aviation sectors, including the original equipment manufacturers (OEMs) and their subcontractors, through which it supports various Western aircraft programs, and also sells products to airline-affiliated and independent maintenance, repair and overhaul (MRO) providers. It also services industrial customers."

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