StandardAero has signed a definitive agreement to purchase asset management company PTS Aviation.
Miramar, Florida-based PTS Aviation is a worldwide supplier of serviceable aircraft engines, engine components and engine inventory. The company was founded in 1995, and said it had more than 150 years of combined aviation management experience along with “significant expertise” buying, leasing and selling engines, modules and used serviceable material (USM).
Terms of the transaction were not disclosed.
The deal marks StandardAero’s tenth acquisition since March 2015. Most recently, the company acquired Signature Aviation’s Engine Repair and Overhaul (ERO) business, an engine MRO provider that includes brands such as Dallas Airmotive, H+S Aviation and International Governor Services.
StandardAero’s Airlines & Fleets division president Lewis Prebble commented: “We are excited to put the PTS Aviation team’s asset management and trading know-how to work for StandardAero. The knowledge and experience they bring to our portfolio will immediately support our preparation to serve global operators, initially focused on the CFM56, and will accelerate our growth plans for the future.
“PTS is a great fit for StandardAero, and we will quickly integrate their strategic capabilities into our commercial aviation division to strengthen our capabilities, services and competitive offerings.”