PE-backed ATS buys Ranger Air

Aviation Technical Services, which is backed by JLL Partners, has acquired Ranger Air, a supplier of aircraft air frame and engine accessories and components. No financial terms were disclosed. XLS Partners was M&A adviser to Ranger Air on the deal.

PRESS RELEASE

CHICAGO, IL – XLS Partners, Inc., an independent investment banking firm providing M&A advisory, capital raising, and debt advisory services, is pleased to announce that its client, Ranger Air has been acquired by Aviation Technical Services (ATS).

Ranger Air is a premier supplier of aircraft airframe and engine accessories and components and provider of repair management services for a growing list of international customers. Since 2002, Ranger Air has introduced innovative inventory management programs and has stocked and traded parts for virtually every commercial airframe and engine platform in the world.

Headquartered in Everett, Washington, ATS provides a broad and growing portfolio of technical services in MRO (maintenance, repair and overhaul), Engineering, Component Repair and Parts Development world-wide. ATS supports both narrow body and wide body aircraft operators in the commercial and military aviation markets. Since its founding in 1970, ATS has received numerous industry awards for its support of turn-key fleet transition and integration, aircraft modifications, aircraft heavy maintenance, design services and component repair of accessories, structures, complex composites, hydraulics, pneumatics, heat exchangers and electrical components.

This acquisition launches ATS into the parts trading business and provides Ranger with access to ATS’s comprehensive repair capabilities to enable a quick return-to-service. The ATS group of companies offers Component Services, Airframe Maintenance, Engineering Support, and Alternate Solutions in ten locations across the United States. Ranger Air is the fourth acquisition for ATS in the Dallas-Fort Worth area over the past five years.

ATS is backed by New York based JLL Partners, a leading middle-market private equity firm with a 30-year track-record of building and transforming businesses through its financial and operational expertise. Since its founding in 1988, JLL Partners has committed approximately $5 billion across seven funds sourcing its deals from a deep network of industry contacts and creating value for its partners and investors.

XLS acted as the exclusive M&A advisor to Ranger Air and the transaction was led by Managing Director Andrew Sannes. The transaction was completed July 11, 2018.

About XLS Partners
XLS Partners, Inc. is an independent investment banking firm that provides M&A advisory, capital raising and debt advisory for select clients globally. Middle market companies and private equity funds rely on our creative solutions, thoughtful insight and truthful advice when considering exiting their companies, making strategic acquisitions, partnering with private equity sponsors and raising debt or equity capital.
More information is available at www.xlspartners.com