M&A Deal Summary

Rolls-Royce North America Acquires National Airmotive

On November 1, 1999, Rolls-Royce North America acquired aerospace company National Airmotive from First Aviation Services for 71M USD

Acquisition Highlights
  • This is Rolls-Royce North America’s 1st transaction in the Aerospace sector.
  • This is Rolls-Royce North America’s largest (disclosed) transaction.
  • This is Rolls-Royce North America’s 1st transaction in the United States.
  • This is Rolls-Royce North America’s 1st transaction in California.

M&A Deal Summary

Date 1999-11-01
Target National Airmotive
Sector Aerospace
Buyer(s) Rolls-Royce North America
Sellers(s) First Aviation Services
Deal Type Add-on Acquisition
Deal Value 71M USD

Target

National Airmotive

Oakland, California, United States
First Aviation Services Inc. ("First Aviation") was established in June 1995 by First Equity Group ("First Equity") to acquire National Airmotive Corporation (“NAC”). In November 1999, NAC was sold to Rolls-Royce North America, Inc. for an adjusted sales price of approximately $71 million.

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Buyer(S) 1

Buyer

Rolls-Royce North America

Reston, Virginia, United States

website


Category Company
Sector Machinery
DESCRIPTION

The Rolls-Royce repair and overhaul network presently comprises 14 facilities either wholly or partly owned, on four continents, servicing 48 different types of engines for more than 400 operators every year. The acquisition will position Rolls-Royce in new markets, strengthening the company's position and bringing new customers in both the aviation and industrial sectors.


DEAL STATS #
Overall 1 of 2
Sector (Aerospace) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (California) 1 of 1
Country (United States) 1 of 1
Year (1999) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-19 Rolls-Royce Gear Systems

Park City, Utah, United States

Rolls-Royce Gear Systems specializes in the design, development, manufacture, sale and repair of gearboxes, high-lift flight control actuators and gear-driven actuators and gears for the aerospace industry. Primary products include aircraft and engine mounted accessory drives, utility actuation components and systems, high-lift actuation systems and flight trim actuators for both civil and military application.

Sell $55M

Seller(S) 1

SELLER

First Aviation Services

Westport, Connecticut, United States

website


Category Company
Founded 1995
Sector Aerospace
DESCRIPTION

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, Ev?lution 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.


DEAL STATS #
Overall 1 of 3
Sector (Aerospace) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (California) 1 of 1
Country (United States) 1 of 2
Year (1999) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-02-01 Aerospace Products International

Memphis, Tennessee, United States

Aerospace Products International, Inc. (API) is an aviation parts and equipment distribution and supply chain management firm. API is an OEM-authorized to distribute aircraft parts and accessories to manufacturers, maintenance providers and operators of some of the most widely used military, commercial, corporate & general aviation aircraft. Aerospace Products International, Inc. was founded in 1988 and is based in Memphis, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-20 Aerospace Products International

Memphis, Tennessee, United States

Aerospace Products International, Inc. (API) is an aviation parts and equipment distribution and supply chain management firm. API is an OEM-authorized to distribute aircraft parts and accessories to manufacturers, maintenance providers and operators of some of the most widely used military, commercial, corporate & general aviation aircraft. Aerospace Products International, Inc. was founded in 1988 and is based in Memphis, Tennessee.

Sell -