MIRAMAR, Fla.--(BUSINESS WIRE)--Aero Accessories & Repair, LLC. (“Aero Accessories”), a portfolio company of ATL Partners (“ATL”) and leading provider of aerospace component maintenance, repair, and overhaul (“MRO”) services, today announced the acquisition of Pittsburgh, Pennsylvania-based AirGroup America (“AGA”). Terms were not disclosed.
Aero Accessories, which is headquartered in Miramar, FL, specializes in the repair of complex components across fuel, hydraulic, pneumatic, avionics, instrumentation, electro-mechanical and power generation systems, serving customers in the cargo, commercial, defense, and aftermarket end markets globally.
“We have been focused on strengthening our business by disciplined execution of our M&A strategy and expanding our capabilities at a rapid pace to uphold our commitment to deliver innovative repair solutions to the aviation aftermarket,” said David Vail, CEO of Aero Accessories. “The completion of this acquisition expands Aero Accessories’ engineered solutions footprint in FAA-approved PMA (“Parts Manufacturer Approval”) parts and DER (“Designated Engineering Representative”) repairs. We are confident the investment will strengthen our customer relationships and value proposition, and welcome the AGA team into the growing Aero Accessories family.”
Frank Nash, ATL’s Founder and Managing Member, said, “This acquisition is Aero Accessories’ third transaction this year and, along with the other two acquisitions, will allow Aero to diversify its product offerings and customer base, further improving Aero’s ability to serve its customers with creative solutions.”
About Aero Accessories:
Aero Accessories is a leading provider of MRO services for complex, difficult-to-repair, and in-demand components requiring engineering expertise. Founded in 2007, the Company specializes in fuel, hydraulic, pneumatic, avionics, instrumentation and power generation system aftermarket products and services, supporting customers across the cargo/logistics, commercial airlines, and defense end markets from its three facilities encompassing 130,000 sq. ft. of flight equipment workspace in Miramar, FL, Miami, FL, and Buffalo, NY. Learn more at https://aeroaccessories.us.
About AirGroup America:
Located in Pittsburgh, Pennsylvania, and founded in 1990, AirGroup America serves a high-quality customer base across passenger airlines, logistics and cargo airlines and FAA Repair Stations (“MROs”) as a stocking distributor of aerospace replacement parts, specializing in high precision bearings. Learn more at https://www.AirGroupAmerica.com.
About ATL Partners:
Founded in 2014, ATL Partners is a premier sector-focused private equity firm that invests in aerospace, transportation and logistics companies. ATL brings deep sector expertise to its investment approach with experienced investment professionals and strong operational resources who have decades of combined experience in each of ATL’s core sectors. For more information about ATL Partners, visit https://www.atlpartners.com/.
