M&A Deal Summary

First Equity Group Acquires First Aviation Services

On June 1, 1995, private equity firm First Equity Group acquired aerospace company First Aviation Services

Acquisition Highlights
  • This is First Equity Group’s 1st transaction in the Aerospace sector.
  • This is First Equity Group’s 1st transaction in the United States.
  • This is First Equity Group’s 1st transaction in Connecticut.

M&A Deal Summary
Date 1995-06-01
Target First Aviation Services
Sector Aerospace
Buyer(s) First Equity Group
Deal Type Buyout (LBO, MBO, MBI)

Target

First Aviation Services

Westport, Connecticut, United States
website
First Aviation Services, Inc. is a provider of repair and overhaul, rotables management and related engineering services to the aviation industry worldwide. FAvS’s principal operating subsidiaries are Aerospace Turbine Rotables, Inc.located in Wichita, Kansas and Addison, Texas, Evōlution Aerospace, Inc. in Wichita, Kansas and Piedmont Propulsion Systems, LLC (PPS) in Winston-Salem, North Carolina. First Aviation Services was founded in 1995 and is based in Westport, Connecticut.

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Buyer(S) 1

Buyer

First Equity Group

Westport, Connecticut, United States

Investor

website

Category Private Equity Firm
Founded 1985
Size Small
Type Sector Focused
DESCRIPTION

First Equity is a private investment group that targets a variety of companies in the transportation industry. The company has a particular interest in aerospace and defense. Other areas of interest include performance driver training, and logistics and distribution serving the aerospace industry. First Equity was established in 1985 and is based in Westport, Connecticut.

DEAL STATS #
Overall 1 of 2
Sector (Aerospace) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 2
State (Connecticut) 1 of 1
Country (United States) 1 of 2
Year (1995) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-12-20 Skip Barber Racing School

Braselton, Georgia, United States

Skip Barber Racing School LLC is a road track racing school, offering programs such as a national race series, corporate events, original equipment manufacturer events, and racing and driving schools. Skip Barber Racing School LLC was founded in 1975 and is based in Braselton, Georgia.

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