Announced
Financials
Tags
Maintenance Repair and Overhaul (MRO)
Majority
Private
transportation services
Private Equity
Cross Border
Single Bidder
Friendly
Canada
Pending
Acquisition
Synopsis
Greenbriar Equity-backed STS Aviation, a global aviation solutions company, agreed to acquire Airbase Services, an aircraft interiors maintenance, repair and management specialist. Financial terms were not disclosed. With this acquisition, STS formally enters the Canadian MRO market as Airbase has four Transport Canada approved facilities in YUL, YYZ, YWG and YVR. The sale is being publicized as turnkey, and STS will immediately assume control of Airbase personnel and operations.
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