StandardAero Wraps Up Signature s ERO Buy ainonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ainonline.com Daily Mail and Mail on Sunday newspapers.
- February 17, 2021, 10:09 AM
MRO provider StandardAero will significantly expand its engine repair and overhaul business through the acquisition of Signature Aviation s engine repair and overhaul unit that comprises well-known names such as Dallas Airmotive. (Photo: StandardAero)
StandardAero will acquire the engine repair and overhaul (ERO) business of Signature Aviation for $230 million under a definitive agreement between the two companies. Signature’s ERO portfolio includes Dallas Airmotive, H&S Aviation, W.H. Barrett Turbine Engine Co., International Governor Services, and International Turbine Service.
“We are pleased that we have reached agreement to sell our ERO business to StandardAero, where we believe the business will continue to flourish,” said Signature Aviation CEO Mark Johnstone. The deal, which comes as Signature Aviation itself is an acquisition candidate, is expected to close midyear.