M&A Deal Summary

IAC Acquires Eirtech Aviation Services

On December 14, 2022, IAC acquired aerospace company Eirtech Aviation Services from Vance Street Capital

Acquisition Highlights
  • This is IAC’s 2nd transaction in the Aerospace sector.
  • This is IAC’s 1st transaction in Ireland.

M&A Deal Summary

Date 2022-12-14
Target Eirtech Aviation Services
Sector Aerospace
Buyer(s) IAC
Sellers(s) Vance Street Capital
Deal Type Merger

Target

Eirtech Aviation Services

Shannon, Ireland
Eirtech Aviation Services is an aviation services company providing painting, interior refinishing, and graphics to international airlines, private operators, and aviation leasing companies predominantly in Europe and the Middle East. Eirtech Aviation Services was formed in 1999 and is based in Shannon, Ireland.

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Buyer(S) 1

Buyer

IAC

Shannon, Ireland

Category Company
Founded 1980
Sector Aerospace
DESCRIPTION

IAC is a provider of services to the aviation industry, including exterior and interior aircraft painting, aircraft refurbishment, and graphics together with a range of specialist services. IAC provides these services to commercial airlines and OEMs, VIP aircraft fleets, aviation leasing companies, and the military. IAC was founded in 1980 and is based in Shannon, Ireland.


DEAL STATS #
Overall 2 of 2
Sector: Aerospace M&A 2 of 2
Type: Merger M&A Deals 1 of 1
Country: Ireland M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-16 Associated Painters

Spokane, Washington, United States

Headquartered in Spokane, Washington, with four state-of-the-art facilities in the United States, Associated Painters has been reimaging and painting all types of domestic and international aircraft since 1986. With over 2,000 aircraft painted to date, Associated Painters has emerged in the aerospace industry as the service provider of choice for aircraft manufacturers like Boeing, modification centers like Aviation Technical Services, Inc. (ATS) in Everett, Washington, AAR Aircraft Services (AAR) – in Oklahoma, and FlightStar in Jacksonville, Florida, as well as international and domestic airline companies. Currently, Associated Painters refinishes over 200 aircraft per year in four strategic locations in the United States.

Buy -

Seller(S) 1

SELLER

Vance Street Capital

Pacific Palisades, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2007
Size Small
Type Sector Focused
DESCRIPTION

Vance Street Capital is a private equity firm focused on acquiring mid-market, profitable businesses in the aerospace, defense, industrial, and medical technology sectors. Vance Street looks for companies valued from $30 to $350 million with sustainable competitive advantages and proven management. Prospective transaction situations include recapitalizations, management buyouts, corporate divestitures, industry consolidations, and growth capital financings. Vance Street Capital was formed in 2007 and is based in Los Angeles, California.


DEAL STATS #
Overall 10 of 12
Sector: Aerospace M&A 5 of 5
Type: Merger M&A Deals 1 of 1
Country: Ireland M&A 2 of 2
Year: 2022 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-06 IAC

Shannon, Ireland

IAC is a provider of services to the aviation industry, including exterior and interior aircraft painting, aircraft refurbishment, and graphics together with a range of specialist services. IAC provides these services to commercial airlines and OEMs, VIP aircraft fleets, aviation leasing companies, and the military. IAC was founded in 1980 and is based in Shannon, Ireland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-04 Tempest Aero Group

Burlington, North Carolina, United States

Tempest Aero Group is engaged in manufacturing ignition, filtration, pneumatic components, instrumentation sensors, fuel systems components, and other specialty tools. Tempest Aero Group is based in Burlington, North Carolina.

Buy -