Brown Gibbons Lang & Company (BGL), an independent investment bank and financial advisory firm, has announced the sale of MRO services provider Velocity Maintenance Solutions (VMS) to aircraft manufacturer, Bombardier.
The acquisition was completed through Bombardier's US subsidiary, Learjet Inc.
BGL's Aerospace, Defense & Government Services (ADGS) investment banking team served as the exclusive financial advisor to VMS in the transaction. The terms of the transaction were not disclosed.
Headquartered in New Castle, Delaware, and founded in 2021, VMS is a provider of MRO services to the business aviation end market.
Operating 24/7 through both MRO facilities and mobile service teams, VMS provides domestic and international coverage. Its combination of core maintenance capabilities and specialised services has supported accelerated organic growth and positioned the company as a market leader in business aviation maintenance services.
It is hoped that the acquisition by Bombardier positions VMS for substantial growth within its robust service portfolio and existing customer base, with an opportunity to capitalise on the continued acceleration of the business aviation market.
In a press release from BGL, the company reported that the purchase of VMS bolsters Bombardier's US presence and supports its long-term commitment to providing operators with unmatched service coverage and quality, and that VMS will further enhance Bombardier's ability to provide operators with a wide range of maintenance, support, and service options, close to where they fly.
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