M&A Deal Summary

StandardAero Acquires PAS Technologies

On March 29, 2017, StandardAero acquired aerospace company PAS Technologies from KRG Capital Partners

Acquisition Highlights
  • This is StandardAero’s 1st transaction in the Aerospace sector.
  • This is StandardAero’s 1st transaction in the United States.
  • This is StandardAero’s 1st transaction in Missouri.

M&A Deal Summary

Date 2017-03-29
Target PAS Technologies
Sector Aerospace
Buyer(s) StandardAero
Sellers(s) KRG Capital Partners
Deal Type Add-on Acquisition
Advisor(s) Houlihan Lokey
Alantra Partners, S.A. - Investment Bank (Financial)

Target

PAS Technologies

Kansas City, Missouri, United States
website
PAS Technologies is a high technology components provider, to expand its portfolio of industry-leading MRO service offerings. PAS specializes in providing cost-effective OEM and MRO solutions for the aerospace, oil and gas, and industrial gas turbine markets. By using innovative and proprietary high-technology processes, along with solutions licensed from OEMs, the company provides great value for customers whose components are exposed to high wear, high heat and corrosive environments. The company’s highly engineered, innovative products are known for advanced technology and unsurpassed reliability.

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Buyer(S) 1

Buyer

StandardAero

Winnipeg, Ontario, Canada

website


Category Company
Sector Aerospace
Employees6,000
DESCRIPTION

StandardAero is an independent maintenance, repair, and overhaul (MRO) provider. The Company offers extensive MRO services and custom solutions for business aviation, commercial aviation, military, and industrial power customers. StandardAero is based in Winnipeg, Ontario.


DEAL STATS #
Overall 1 of 3
Sector (Aerospace) 1 of 3
Type (Add-on Acquisition) 1 of 2
State (Missouri) 1 of 1
Country (United States) 1 of 2
Year (2017) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-20 TRS Ireland

Cork, Ireland

TRS Ireland is a highly specialized provider of component repair and manufacturing processes for a large range of industrial, aeroderivative and aircraft gas turbines. TRS Ireland has extensive experience as an OEM-approved specialty coating provider of engine component repair and MRO services on blades, vanes and other hot section components for both new engines and a rising number of mature engines and a variety of applications.

Buy -

Seller(S) 1

SELLER

KRG Capital Partners

Denver, Colorado, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1996
PE ASSETS 4.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

KRG Capital Partners is a private equity investment firm focused on acquiring controlling interests in middle-market companies. Prospective transaction situations include owner recapitalizations, management buyouts of private companies, mangement buyouts of corporate divisions, outright purchases, and family successions. Target companies typically generate sales of $35 to $400 million and EBITDA of $10 to $100 million. Sectors of interest include healthcare services, medical technology and life sciences; business services and distribution; construction materials and services; transportation services; marketing; specialty finance and insurance; aerospace, defense, and government services; energy services and products; and infrastructure. KRG primarily looks for opportunities located in the US and Canada but will selectively consider investments in Western Europe. KRG was formed in 1996 and is based in Denver, Colorado with additional offices in Mill Valley, California and Las Vegas, Nevada.


DEAL STATS #
Overall 39 of 41
Sector (Aerospace) 1 of 1
Type (Add-on Acquisition) 20 of 21
State (Missouri) 2 of 2
Country (United States) 38 of 40
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-20 Vention Medical

Salem, New Hampshire, United States

Vention Medical, Inc. is a designer, developer and contract manufacturer of complex, plastics based medical devices. Vention Medical was founded in 1989 and is based in Salem, New Hampshire.

Sell $705M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-02 Convergint

Schaumburg, Illinois, United States

Convergint is a designer, installer, and services integrated building systems including electronic security, fire alarm, and life safety systems. Convergint was founded in 2001 and is based in Schaumburg, Illinois.

Sell -