AMETEK has announced that it has entered into a definitive agreement to acquire First Aviation Services, a provider of highly engineered, mission-critical defence and aviation maintenance, repair and overhaul (MRO) services, as well as a manufacturer of related proprietary components.
First Aviation’s MRO capabilities encompass advanced electronics, rotor blades and assemblies, propellers, landing gear and flight controls. The company also specialises in the design, engineering and manufacture of critical components across a wide range of defence and aviation platforms.
The First Aviation companies will continue to operate under the leadership of President and COO Paul Bolton. The business will form part of the North American Business Unit within AMETEK’s MRO Division.
Paul Bolton commented on the acquisition: “AMETEK is an outstanding company with a strong track record of performance. They understand our industry and bring important resources to support First Aviation’s continued growth.”
“First Aviation is a strong strategic fit with our MRO platform, providing attractive market expansion opportunities and broadening the scope of our component MRO services,” said David A. Zapico, AMETEK Chairman and Chief Executive Officer. “Their proprietary products and services further broaden our differentiated products serving mission critical applications. We look forward to leveraging our respective operating, engineering and distribution strengths to continue to grow our combined capabilities.”
First Aviation Services generates annual revenues of approximately US$80 million and operates six centres of excellence across the United States. The transaction remains subject to customary closing conditions, including relevant regulatory approvals.
