SK AeroSafety Group, a portfolio company of Levine Leichtman Capital Partners, has acquired Phoenix-based Fire-Tec Aero Systems, a provider of maintenance, repair and overhaul solutions to the aviation safety equipment industry. No financial terms were disclosed.
PRESS RELEASE
LOS ANGELES, January 25, 2022 — SK AeroSafety Group (“SK”), a portfolio company of Levine Leichtman Capital Partners (“LLCP”), announced today that it has acquired Fire-Tec Aero Systems LLC (“Fire-Tec”). SK is a leading provider of maintenance, repair and overhaul (“MRO”) solutions to the aviation safety equipment industry, with locations in the United States, the United Kingdom, the Netherlands, Dubai and Malaysia.
Founded in 2005 and headquartered in Phoenix, Arizona, Fire-Tec provides MRO aviation solutions in the United States. It specializes in three main safety product areas: fire extinguishers, oxygen bottles and emergency power equipment, servicing a diverse group of over 350 customers. Fire-Tec’s management team will continue in their current roles with the business, helping to further accelerate SK’s growth in the U.S. market.
Chris Wright, CEO of SK, commented, “We are excited to partner with Fire-Tec to build on SK’s growing reach in the United States by adding further specialist fire safety capabilities to our portfolio. Combining with Fire-Tec will enhance SK’s customer offering, and further solidify our position as a global market leader.”
Josh Kaufman, Senior Managing Director at LLCP, added, “We are thrilled to continue our support of SK and its ongoing acquisition strategy. The acquisitions of Fire-Tec and the successful acquisition of SEMCO in 2019, has enabled SK to develop meaningful scale and capability in the U.S. market.”
SK was advised by Honigman LLP and Grant Thornton LLP.
About SK AeroSafety Group
SK AeroSafety Group specializes in the inspection, testing, maintenance and repair of critical passenger and crew safety equipment found on all commercial and private aircraft worldwide. Examples of equipment serviced by the company include fire extinguishers, oxygen masks, oxygen cylinders, evacuation slides, life vests and life rafts. SK AeroSafety Group supports a diversified and global customer base of over 700 airlines, component service providers, MROs and OEMs, and has locations in the United States, the United Kingdom, the Netherlands, Dubai and Malaysia. The company holds key certifications and accreditations from its OEMs, MROs, customers and key global aviation regulators, including the FAA and EASA.
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