StandardAero has entered into a definitive agreement to acquire Signature Aviation’s Engine Repair and Overhaul (ERO) business.
The transaction is expected to close in mid-2021, subject to regulatory approvals and other closing conditions.
Dallas, Texas-headquartered ERO provides engine MRO primarily for business jet and rotorcraft platforms and consists of five entities: Dallas Airmotive, H&S Aviation, W.H. Barrett Turbine Engine Company, International Governor Services (IGS) and International Turbine Service (ITS).
ERO has two overhaul facilities (one in Dallas and the other in Portsmouth, England), ten regional turbine centres, one component MRO site and two parts/distribution facilities. Services include MRO for the majority of turbine engine models powering fixed and rotary wing aircraft used for business aviation, and many of the engines used in government, military and commercial applications.
“ERO is a terrific and complementary fit for StandardAero, expanding our portfolio with more volume of the engines we support today, while also growing our service base with a significant number of new engine platforms and customers,” said StandardAero chairman and CEO Russell Ford.
“Like StandardAero, ERO is OEM-aligned and has a long history of outstanding service and customer satisfaction. With this acquisition, StandardAero will achieve significant cost and operational efficiencies and will continue on pace to become one of the pre-eminent MRO companies in the world.”
Upon closing, ERO will expand upon StandardAero’s current capabilities for providing MRO services for a number of Pratt & Whitney, Honeywell, Rolls-Royce and General Electric platforms. The acquisition also brings new capabilities to StandardAero’s MRO portfolio including services for PW200, PW500, Spey & Tay engines and PW901 APUs.
ERO also expands StandardAero’s component repair capabilities, parts distribution channels and mobile field services for combined customers.