in Aerospace

StandardAero acquires Safe Aviation Solutions

Posted 11 September 2019 · Add Comment

StandardAero has acquired Safe Aviation Solutions (including Safe Fuel, Accel and B&E ACR), formerly the MRO services subsidiary of the B&E Group, which will continue to expand StandardAero’s Components, Helicopters & Accessories (CH&A) division and its portfolio of MRO and component repair services.

 Terms of the transaction were not disclosed. Houlihan Lokey acted as exclusive financial advisor to B&E Group in its sale of Safe Aviation Solutions.
 
Save Aviation Solutions (Safe Fuel, Accel and B&E ACR businesses) is a privately held company that provides comprehensive testing, repair, overhaul and modification of engine fuel system components, pneumatic/hydraulic/actuation systems and aircraft power generation systems for airlines, freight companies, OEMs and other MRO providers.  The company operates from two primary locations in South Florida, with nearly 56,000 square feet of operations and approximately 120 employees.
 
Safe Aviation Solutions has an outstanding reputation for superior repair quality on difficult-to-repair components and highly skilled and experienced employees focused on serving commercial aerospace programs with large installed bases of aircraft.  Some of the more notable programs currently served include V2500, CFM56-5, CFM56-7, RB211 and Boeing 787platforms.


 
“Like StandardAero, Safe Aviation Solutions has a strong growth trajectory and is focused on serving important commercial aerospace programs and operators around the world,” said Russell Ford (above), Chairman & CEO of StandardAero. “The company is a very strategic fit for StandardAero and is well positioned to capture additional new programs and also expand its scope of services on current programmes.” 
 
“With Safe Aviation Solutions on our team, we now have additional accessories and Line Replaceable Unit (LRU) repair capabilities to round out our Component Services business unit.  I’m looking forward to a bright and growing future as we begin integrating our businesses,” added Rick Stine, President of StandardAero’s CH&A Division. 
 
With the addition of Safe Aviation Solutions’ two Florida repair locations, StandardAero now has 39 primary repair facilities located on five continents with more than 6,100 employees worldwide

* required field

Post a comment

Other Stories
Advertisement
Latest News

PSG and Pexa become Addev Materials Aerospace & Defense

In 2019 Graytone Group's Pexa and PSG - distributors of surface finishing materials and chemicals to the aerospace industry - were acquired by French owned chemicals distribution and custom packaging specialist, Addev Materials and

TT Electronics to acquire Torotel

TT Electronics has agreed to acquire Torotel, a US-based designer and manufacturer of high-reliability power and electromagnetic assemblies and components for the aerospace and defence markets.

DIO's CTCRM project in Devon marks major milestone

The Defence Infrastructure Organisation (DIO) project to build new accommodation for personnel at the Commando Training Centre Royal Marines (CTCRM) in Devon has celebrated a major milestone.

European Commission called upon to implement EU Testing Protocol

Over 20 travel and tourism bodies as well as unions across Europe united today in an unprecedented call for European Commission leadership to replace quarantine restrictions with an EU Testing Protocol for Travel in a bid to save the

UK’s first UV treatment of security trays installed at Gatwick

Gatwick is the first airport in the UK to treat its security trays with enough UV light energy to guarantee a 99.9% microbe disinfection rate – protecting passengers and staff and reducing the spread of coronaviruses, including COVID-19

Loganair links Dundee Airport with Belfast City Airport

The first flight on the new Loganair service between Dundee Airport and George Best Belfast City Airport took off for the first time today.

Getac SK2606280920
See us at