Greenbriar Equity Group, a private equity firm focused exclusively on the global transportation industry, has commenced its tender offer for all outstanding shares of common stock of EDAC Technologies (NASDAQ: EDAC) for $17.75 per share—an aggregate equity value of $104.1 million. EDAC is a diversified manufacturer serving the aerospace and industrial markets, with a product line that includes jet engine parts, fixtures, gauges, dies and molds, among other offerings.
