GREENWICH, Conn.--(BUSINESS WIRE)--Greenbriar Equity Group, L.P. (“Greenbriar”), announced that funds managed by Greenbriar completed the acquisition of Sunvair Aerospace Group (“Sunvair” or the “Company”), a global, engineering-centric provider of aircraft component maintenance, repair, and overhaul (“MRO”) services. Financial terms of the private transaction were not disclosed.
Founded in 1955, Sunvair offers a broad range of engineered solutions across aircraft accessory component repair and landing gear overhaul out of its facilities in Valencia, CA and Tulsa, OK.
“We are excited to partner with Greenbriar in this next chapter of Sunvair’s success,” said Kerry Jarandson, CEO of Sunvair. “We share a collective vision of enhancing Sunvair’s capabilities and accelerating our growth. Greenbriar’s extensive experience and resources in our sector will greatly benefit us during this next phase.”
The new investment by Greenbriar will support the senior management team in executing on Sunvair’s strategic growth and expansion plans, which include both organic and acquisition opportunities to enhance the Company’s solutions for its customers.
“Sunvair is an exceptional business with a long track record supporting customers across its differentiated and reliable service offerings. We have been impressed by Sunvair’s engineering-driven solutions, vertically integrated processes, and strong operating fundamentals, all enabling an exceptional customer experience,” said Noah Blitzer, Managing Director at Greenbriar. “We are looking forward to partnering with Kerry and the Sunvair team to continue the Company’s phenomenal growth trajectory.”
KAL Capital Markets LLC served as the financial advisor and Kirkland & Ellis LLP served as legal counsel to Greenbriar. Houlihan Lokey, Inc. served as financial advisor and Jones Day served as legal counsel to the Company.
About Sunvair
Sunvair is a global provider of aircraft component maintenance, repair, and overhaul (MRO) services, specializing in engineering-centric aircraft accessory repair and landing gear overhauls. The Company has facilities in Valencia, CA and Tulsa, OK spanning over 160,000 square feet of floor space and has served its customers since 1955. For more information, please visit sunvairgroup.com.
About Greenbriar
Greenbriar is a middle market private equity firm with more than 20 years of experience investing in market-leading services and manufacturing businesses. With $10 billion of cumulative capital commitments, its investment strategy targets businesses led by experienced management teams capitalizing on strong long-term growth prospects that can benefit from Greenbriar’s deep sectoral expertise, strategic insight, and operating capabilities. For more information, please visit greenbriarequity.com.
