StandardAero has announced that it has received all required regulatory approvals and officially completed its acquisition of Signature Aviation's Engine Repair and Overhaul (ERO) business.
Signature's ERO business is an engine maintenance, repair and overhaul (MRO) provider made up of the following five entities: Dallas Airmotive, H+S Aviation, W.H. Barrett Turbine Engine Company, International Governor Services (IGS) and International Turbine Service (ITS).
ERO is headquartered in Dallas, Texas, with two overhaul facilities, (one in Dallas and the other in Portsmouth, England), ten regional turbine centers, one component MRO site and two parts/distribution facilities.
Like StandardAero, ERO is an OEM-aligned engine MRO services provider. ERO employs approximately 1,100 people with annual revenues approaching $500 million.
Its customers include regional airlines, commercial transportation providers, corporate flight departments, private operators, government agencies and defense departments. The newly combined company now has nearly 6,600 employees in 55 locations across six continents.
The acquisition will expand StandardAero’s MRO capabilities on a number of Pratt & Whitney, Honeywell, Rolls-Royce, and General Electric engines, including services for PW200, PW500, Spey and Tay engines, and PW901 APUs. StandardAero’s component repair capabilities, parts distribution channels, and mobile field services also will benefit from the acquisition.
'We are excited to welcome ERO and its experienced employees to StandardAero and to bring together all of the best practices of two successful, well-known and highly respected Aerospace companies to provide a multitude of benefits for our customers,' said Russell Ford, Chairman and CEO of StandardAero.
'Acquiring ERO enhances our ability to be one of the most efficient and client-focused Aerospace MRO companies in the world, providing superior quality products and responsive service for our industry.'
StandardAero is one of the world's largest independent providers of services including engine and airframe maintenance, repair and overhaul, engine component repair, engineering services, interior completions and paint applications. StandardAero serves a diverse array of customers in business and general aviation, airline, military, helicopter, components and energy markets. StandardAero is owned by global investment firm Carlyle.
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