Kellstrom Aerospace Group, a portfolio company of AE Industrial Partners since April 2015, has acquired Vortex Aviation, a provider of aircraft-on-ground (AOG) on-wing engine maintenance services and engine repairs.
Vortex’ customers include major airlines, MROs, and military and government agencies and the company services all major commercial aircraft engine platforms. Vortex is led by its President Patrick Kaufman and has facilities in Fort Lauderdale; Shannon, Ireland; and Singapore (www.vortexaviation.us) (www.vortexaviation.ie).
Kellstrom Aerospace provides supply chain services to OEMs, airlines, aircraft leasing companies, financial institutions, air transport operators and MROs. The company’s services include OEM parts distribution, pre-owned parts distribution, commercial aftermarket parts provisioning and sunset fleet services, technical services, consignment management, repair management, rotable component programs, whole aircraft/engine asset leasing and trading, and fleet provisioning programs. The company is headquartered in Miami Lakes, FL (www.kellstromaerospace.com).
“When we acquired Kellstrom Aerospace in 2015, our goal was to become a full-service aftermarket solutions provider to airlines, MROs, and the aircraft lessor community,” said David Rowe, Managing Partner, AE Industrial Partners. “The combination of records management, on-wing support services, and hospital shop repairs with the purchasing power and expertise of Kellstrom for end-of-life assets is a unique set of capabilities in the market. The broader market reach Vortex brings to Kellstrom will also benefit our OEM distribution partners, as we expand our geographical footprint and customer base.”
AE Industrial Partners invests in the aerospace, power generation and specialty industrial sectors with a specific focus on technical manufacturing, distribution and supply chain management, MRO (maintenance, repair and overhaul) and industrial service-based businesses. Typical company targets will have from $50 million to $500 million of revenue. The firm is headquartered in Boca Raton (www.aeroequity.com).
“With Vortex joining Kellstrom, our range of technical services is greatly enhanced,” said Jeff Lund, CEO of Kellstrom. “Whether servicing on-wing support, minor in-house repairs, managing engines through full performance restoration, or technical consultancy projects, we can provide unbiased cost-saving solutions across all major engine platforms.”
© 2017 Private Equity Professional | June 27, 2017
