First Aviation Services - M&A Summary, Ownership, and Business Overview

AerospaceCompany

First Aviation Services M&A Summary

First Aviation Services has acquired 4 companies of its own, including 2 in the last 5 years. It has also divested 3 assets.

It’s largest disclosed sale occurred in 2022, when it sold DART Aerospace to TransDigm Group for $360M. First Aviation Services has acquired in 3 different US states, and 2 countries. The Company’s most targeted sectors include aerospace (75%) and distribution (25%).

First Aviation Services Ownership

Who owns First Aviation Services?

First Aviation Services is owned by First Equity Group. It was acquired on June 1, 1995.

Is First Aviation Services PE-backed?

Yes. First Aviation Services is owned by private equity investor First Equity Group.

First Aviation Services Business Overview

Where is First Aviation Services headquartered?

First Aviation Services is headquartered in Westport, Connecticut.

What sector is First Aviation Services in?

First Aviation Services is an aerospace company.

When was First Aviation Services founded?

First Aviation Services was founded in 1995.

M&A Summary

  • M&A Total Activity7
    • M&A Buy Activity4
    • M&A Sell Activity3
  • Total Sectors Invested 2
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 5
  • M&A Advisors 1

First Aviation Services, Inc.

15 Riverside Avenue, First Floor,
Westport, Connecticut 06880
United States,
(203) 291-3300
www.firstaviation.com

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 3 - - 1 - - 4
Sell (0.2/yr) # 2 - - 1 - - 3
vol $71M $360M $431M
  7

Most Recent M&A

Company Date Value Type
Associated Aircraft Manufacturing & Sales, Inc. 2022-11-22 - Add-on Acquisition
Fort Lauderdale, Florida · www.aamsi.com
DART Aerospace 2022-03-14 360M USD Trade Sale
Saint-Laurent, Quebec · www.dartaerospace.com
DART Aerospace 2019-03-11 - Divestiture
Saint-Laurent, Quebec · www.dartaerospace.com
Aerospace Products International, Inc. 2013-03-20 - Divestiture
Memphis, Tennessee · www.apiworldwide.com
National Airmotive Corp. 1999-11-01 71M USD Trade Sale
Oakland, California
Aerospace Products International, Inc. 1997-02-01 - Add-on Acquisition
Memphis, Tennessee · www.apiworldwide.com
National Airmotive Corp. 1995-06-01 - Divestiture
Oakland, California
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Aerospace 3 (75%) - 2 (67%) 431M (100%)
Distribution 1 (25%) - 1 (33%) -
Total 4 - 3 $431M

By Geo

State/Country Buy Value Sell Value
United States 3 - 2 71M
  Tennessee 1 - 1 -
  California 1 - 1 71M
  Florida 1 - - -
Canada 1 - 1 360M
  Quebec 1 - 1 360M
Domestic 3 (75%) - 2 (67%) 71M (16%)
Cross-border 1 (25%) - 1 (33%) 360M (84%)
Total 4 - 3 $431M

Top M&A Advisors

Financial Deals
Philpott Ball & Werner LLC
 1

Deal Values

sell # Total
$100M to $1B 1 $360M
< $100M 1 $71M
TOTAL $431M
Largest DART Aerospace
$360M (2022-03-14)

M&A Connections

Deals
Acquired from
Strategic(s)
25%
1 (25%)
Divested to
Investor(s)
33%
1 (33%)
Strategic(s)
67%
2 (67%)

Company Summary

SECTOR

Aerospace

Established

1995

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