M&A Deal Summary

H.I.G. Private Equity Acquires STS Aviation Group

On October 8, 2024, private equity firm H.I.G. Private Equity acquired aerospace company STS Aviation Group from Greenbriar Equity Group

Acquisition Highlights
  • This is H.I.G. Private Equity’s 3rd transaction in the Aerospace sector.
  • This is H.I.G. Private Equity’s 244th transaction in the United States.
  • This is H.I.G. Private Equity’s 28th transaction in Florida.

M&A Deal Summary

Date 2024-10-08
Target STS Aviation Group
Sector Aerospace
Buyer(s) H.I.G. Private Equity
Sellers(s) Greenbriar Equity Group
Deal Type Secondary Buyout
Advisor(s) Jefferies
BMO Capital Markets (Financial)

Target

STS Aviation Group

Jensen Beach, Florida, United States
STS Aviation Group is a provider of aftermarket, distribution, and maintenance services primarily in the aviation industry, delivering nose-to-tail solutions for customers across airlines, MROs, and OEMs. STS’s solutions include component sales and distribution, engineering, maintenance, aircraft repair and modification, and workforce management services. STS Aviation Group was founded in 1985 and is headquartered in Jensen Beach, Florida.

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Buyer(S) 1

Buyer

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital LLC. The firm focuses on management buyouts, growth equity investments, and recapitalizations of middle market companies with an enterprise value of $50 - $1000 million. The Firm also will consider add-on acquisitions, industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 and has offices in Miami, Atlanta, Boston, and San Francisco. HIG's European affiliate is HIG Europe with offices in London, Hamburg, and Paris.


DEAL STATS #
Overall 366 of 369
Sector (Aerospace) 3 of 3
Type (Secondary Buyout) 68 of 68
State (Florida) 28 of 28
Country (United States) 244 of 245
Year (2024) 19 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-07 Polar

London, United Kingdom

Polar develops, owns, and operates data center infrastructure targeting high-performance computing (“HPC”) applications. The Company’s first data center in Norway will provide up to 48MW of capacity once fully operational, and will be powered using 100% renewable, hydroelectric power. Given the naturally colder Norwegian climate and modular design architecture, it offers Power Usage Effectiveness. Polar is based in London.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-22 Rainham

Little Warley, United Kingdom

Rainham provides specialist industrial services that support the installation, maintenance, refurbishment, decommissioning and replacement of large industrial plants and infrastructure sites. Rainham is based in Little Warley, United Kingdom.

Buy -

Seller(S) 1

SELLER

Greenbriar Equity Group

Rye, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 10.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Greenbriar Equity Group is a specialized private equity firm focused on investing in the global transportation and advanced manufacturing industries. Companies of interest include traditional carriers, such as railroads, cruise lines, airlines, air freight, shipping, and trucking, as well as ancillary manufacturers and service companies that support the transportation industry. Greenbriar will consider making majority as well as minority investments through a variety of structures, including leveraged buyouts, recapitalizations, growth capital investments, corporate joint ventures and privatizations. The Firm targets businesses valued from $100 million to $1 billion. Greenbriar Equity was formed in 1999 and is based in Rye, New York.


DEAL STATS #
Overall 26 of 26
Sector (Aerospace) 6 of 6
Type (Secondary Buyout) 11 of 11
State (Florida) 1 of 1
Country (United States) 22 of 22
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-05 Sunvair

Valencia, California, United States

Sunvair is an independent MRO services provider specializing in landing gear overhauls and component repairs for commercial and military aircraft. Sunvair was formed in 1956 and is headquartered in Valencia, California.

Buy -