StandardAero has completed its $230 million acquisition of the engine repair and overhaul (ERO) business of Signature Aviation. Announced in February, the deal includes Dallas Airmotive, H&S Aviation, W.H. Barrett Turbine Engine Co., International Governor Services, and International Turbine Service.
With the acquisition, Standard Aero picks up engine overhaul facilities in Dallas and Portsmouth, England, 10 regional turbine centers, a component MRO site, and two parts/distribution facilities. Those operations employ 1,100 people and earned $500 million in revenue in 2020. ERO customers span the spectrum of aviation, including commercial, business, government, and military.
The ERO combination increases StandardAero’s employment to 6,600 with 55 operations located across six continents. “We are excited to welcome ERO and its experienced employees to StandardAero and to bring together all of the best practices of two successful, well-known, and highly respected aerospace companies to provide a multitude of benefits for our customers,” said StandardAero chairman and CEO Russell Ford. “Acquiring ERO enhances our ability to be one of the most efficient and client-focused aerospace MRO companies in the world, providing superior quality products and responsive service for our industry.”