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Ronna McDaniel, Former Head of RNC, Joins Weinberg Capital Group Board of Strategic Advisors

06/04/2024

Weinberg Capital Group announced today that Ronna McDaniel has joined its Board of Strategic Advisors. McDaniel is the former Chairwoman of the RNC which she led for 7 years.

In her capacity as a member of the Board of Strategic Advisors, she will join other business leaders in advising WCG in its private equity business. “She brings enormous capacity to help our overall business and in particular our portfolio companies,” said Chip Weinberg the Managing Partner of WCG. “As we build the boards of our companies and develop relationships within the markets our companies serve, Ronna will be of value to them as well.”

Commenting on the appointment, McDaniel said, “I look forward to working with the team at WCG and their portfolio companies. While I have been running political organizations in the past, I look forward to applying my organizational and building skills to businesses. My grandfather George Romney was an automobile executive as well as Governor of Michigan, and pulling a page from my legacy will be exciting.”

Weinberg Capital Group is based in Cleveland OH and functions as a private equity sponsor of businesses nationwide in a variety of industries. Its portfolio companies operate overseas as well. Its strategic advisory board consists of a range of executives spanning a number of industries. Selected companies in its portfolio include Drake Waterfowl, Channel Products, and Salt River Aviation.

Sam Heredos Joins Weinberg Capital Group

02/20/2024

Weinberg Capital Group, a Cleveland-based private equity firm focused on well-positioned lower middle market businesses, welcomes Vice President Sam Heredos, CPA to their family office team. Sam, a former Senior Manager of BDO USA has a background in providing M&A transaction advisory services to an array of industries. He has a BA from Walsh University and was on the NCAA D-II Golf Team.

Weinberg Capital Group Announces Recapitalization of Salt River Aviation

12/20/2023

CLEVELAND, Dec. 20, 2023 /PRNewswire/ — Weinberg Capital Group (“WCG”) is pleased to announce the acquisition of Salt River Aviation (“SRA” or the “Company”), a niche provider of Auxiliary Power Units (“APU”), APU teardown and disassembly services, APU subcomponents, and other airframe parts and components. Based in Chandler AZ, SRA is known across the industry as “APU experts”, providing the highest quality APU’s & APU Subcomponents.

“We look forward to partnering with Greg and Annie Crill and their talented team,” stated Chip Weinberg, Managing Partner at WCG. “The Company has a strong track record of success, and we intend to continue this tradition by investing in continued growth while maintaining its reputation for customer service and delivery.”

Commenting on the transaction, Mr. Crill, who will be continuing as CEO, stated, “We are very excited and proud to have the opportunity to partner with WCG to continue our growth plans. With their experience and resources, we anticipate a long-lasting partnership. More importantly, from the perspective of our customers and partners, this transaction will be seamless as our entire team will stay in place as we look to enhance our business.”

WCG is actively seeking add-ons for SRA.

About Salt River Aviation

Founded in 2006, the Company is known throughout the industry as an APU expert, acting as a holistic supplier of APUs, components, and related services to the entire aviation ecosystem including maintenance, repair, and overhaul providers (MROs), OEMs, airlines, lessors, and aftermarket distributors. SRA targets some of the largest commercial aircraft platforms today, including the Boeing 737 and Airbus A320 families.

About Weinberg Capital Group

Weinberg Capital Group is a Cleveland, OH-based family office that invests in well-positioned middle market companies located throughout the U.S. with annual revenue from $10 to $100 million and EBITDA ranging from $2 to $10 million. WCG seeks to partner with management teams and leverage its flexible, long-term capital to maximize value for all stakeholders. The firm’s current portfolio covers a broad range of industries including consumer products, manufacturing, business services, and value-added distribution. For more information, visit www.weinbergcap.com.