13-Sep-2019 Source: StandardAero
StandardAero has acquired Safe Aviation Solutions (including Safe Fuel, Accel and B&E ACR), formerly the MRO services subsidiary of the B&E Group, which will continue to expand StandardAero’s Components, Helicopters & Accessories (CH&A) division and its portfolio of MRO and component repair services. Terms of the transaction were not disclosed. Houlihan Lokey acted as exclusive financial advisor to B&E Group in its sale of Safe Aviation Solutions.
Save Aviation Solutions (Safe Fuel, Accel and B&E ACR businesses) is a privately held company that provides comprehensive testing, repair, overhaul and modification of engine fuel system components, pneumatic/hydraulic/actuation systems and aircraft power generation systems for airlines, freight companies, OEMs and other MRO providers. The company operates from two primary locations in South Florida, with nearly 56,000 square feet of operations and approximately 120 employees.
Safe Aviation Solutions has an outstanding reputation for superior repair quality on difficult-to-repair components and highly skilled and experienced employees focused on serving commercial aerospace programs with large installed bases of aircraft. Some of the more notable programs currently served include V2500, CFM56-5, CFM56-7, RB211 and Boeing 787platforms.
“Like StandardAero, Safe Aviation Solutions has a strong growth trajectory and is focused on serving important commercial aerospace programs and operators around the world,” said Russell Ford, Chairman & CEO of StandardAero. “The company is a very strategic fit for StandardAero and is well positioned to capture additional new programs and also expand its scope of services on current programs.”
“With Safe Aviation Solutions on our team, we now have additional accessories and Line Replaceable Unit (LRU) repair capabilities to round out our Component Services business unit. I’m looking forward to a bright and growing future as we begin integrating our businesses,” added Rick Stine, President of StandardAero’s CH&A Division.
With the addition of Safe Aviation Solutions’ two Florida repair locations, StandardAero now has 39 primary repair facilities located on five continents with more than 6,100 employees worldwide.