13 Sep, 19, 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.
Related Posts
- AMSTAT announces an upgraded Dashboard for AMSTAT Premier and Connect
- Air Evac Lifeteam closes two Arkansas bases
- Horizon purchased Entrol a Bell 505 FTD Level 2 simulator
- Reiser wins Australian Forces contract for MRH90 Maintenance Training Rig
- Major Trauma Centre first in UK to benefit from weather station
- Transformative Vertical Flight 2020 and eVTOL Symposium
- StandardAero and Thales Team on AS350 autopilot
- Kopter to present final design features of its SH09 at Heli-Expo 2020
- Aston Martin and Airbus prepare to take to the skies
- Transcend Air partners with Huslig design studio on VY400R eVTOL interior
- 12 Rules to Live by for Your Pre-Flight Helicopter Inspection
- HSC-26 Holds Change of Command Ceremony
- 09-Dec-19 ZK-HPB Airbus AS350B2 White Island, New Zealand
- A New H145 Full Flight Simulator for the US
- Airbus recognized as a top employer in the Hamilton Niagara Region
- Carleton University leverages VABS Software for more realistic rotor blade simulation
- World’s First ISO Approved Drone Safety Standards announced
- Wiltshire Air Ambulance adds plasma to blood products carried
- The Official 2019 White House Christmas Ornament is a helicopter
- FAA releases list of OTC medications under Go and NoGo categories