Stony Point Group, a private equity and management firm focusing on middle market companies in the aerospace, defense and industrial sectors, reported the acquisition of the assets Broadwing Air Repair, (BAR). Financial terms of the transaction, which closed October 7, were not disclosed.
Located in Melbourne, Ark., BAR is an FAA Part 145 Repair Station that provides composite and sheet metal repair and is particularly well-known for its expertise in flight control surface and door repair. Founded in 2007 by former managers of Boeing's Melbourne repair station, BAR services components for more than 25 different airframes, including those manufactured by Airbus, Embraer, Bombardier, McDonnell Douglas and Boeing.
