M&A Deal Summary

Tiger Infrastructure Partners Acquires Eirtech Aviation Services

On December 14, 2022, private equity firm Tiger Infrastructure Partners acquired aerospace company Eirtech Aviation Services from Vance Street Capital

Acquisition Highlights
  • This is Tiger Infrastructure Partners’ 3rd transaction in the Aerospace sector.
  • This is Tiger Infrastructure Partners’ 2nd transaction in Ireland.

M&A Deal Summary

Date 2022-12-14
Target Eirtech Aviation Services
Sector Aerospace
Buyer(s) Tiger Infrastructure Partners
Sellers(s) Vance Street Capital
Deal Type Secondary Buyout

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
DESCRIPTION

Tiger Infrastructure Partners is a private equity firm focused on acquiring controlling stakes in infrastructure companies in the communications, energy, and transportation sectors. Tiger will consider opportunities throughout North America and Europe and looks to commit $25 to $100 million per transaction. Tiger Infrastructure Partners was formed in 2009 and is based in New York City.


DEAL STATS #
Overall 21 of 23
Sector (Aerospace) 3 of 3
Type (Secondary Buyout) 3 of 4
Country (Ireland) 2 of 2
Year (2022) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-06 International Aerospace Coatings

Shannon, Ireland

International Aerospace Coatings 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. International Aerospace Coatings is based in Shannon, Ireland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-02 Modern Aviation

New York, New York, United States

Modern Aviation is a platform company created to acquire and consolidate fixed-based operators (“FBOs”). Its FBOs hold long-term concessions at the airports where they operate and provide hangar space, fuel, and other aviation services. Modern Aviation was founded in 2017 and is based in New York City.

Sell -

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) 5 of 5
Type (Secondary Buyout) 3 of 3
Country (Ireland) 2 of 2
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-06 International Aerospace Coatings

Shannon, Ireland

International Aerospace Coatings 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. International Aerospace Coatings 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 -