BBA Aviation plc, has entered into an agreement to sell Ontic, a leading provider of ‘Extended Life Solutions’ for Original Equipment Manufacturer legacy products, to CVC, a private equity company.
Gareth Hall, president and managing director of Ontic, said “Ontic has a very bright and exciting future, and this is reflected in the value placed on our business. We are thankful for all of the support we have received from BBA and we are looking forward to continued success and future growth with CVC.”
BBA Aviation plc is a market leading, global aviation support and aftermarket services provider, primarily focused on servicing the Business and General Aviation market. We support our customers through three principal businesses: Signature Flight Support, Ontic and Global Engine Services/Engine Repair and Overhaul.
Signature Flight Support also includes Signature TECHNICAir and EPIC and provides premium, full service flight and home base support including refueling, ground handling and MRO services through the world’s largest fixed base operation network for B&GA users with around 200 locations covering key destinations in North America, Europe, South America, Caribbean, Africa and Asia. EPIC is a provider of aviation fuels, supplies and services.
