StandardAero Acquires Safe Aviation Solutions to Expand Component Repair and LRU Portfolio

StandardAero has acquired Safe Aviation Solutions (including Safe Fuel, Accel and B&E ACR), formerly the MRO services subsidiary of the B&E Group, which will continue to expand StandardAero’s Components, Helicopters & Accessories (CH&A) division and its portfolio of MRO and component repair services. Terms of the transaction were not disclosed.  Houlihan Lokey acted as exclusive financial adviser to B&E Group in its sale of Safe Aviation Solutions.

“Like StandardAero, Safe Aviation Solutions has a strong growth trajectory and is focused on serving important commercial aerospace programs and operators around the world,” said Russell Ford, chairman & CEO of StandardAero.  “The company is a very strategic fit for StandardAero and is well positioned to capture additional new programs and also expand its scope of services on current programs.” 

“With Safe Aviation Solutions on our team, we now have additional accessories and Line Replaceable Unit (LRU) repair capabilities to round out our Component Services business unit.  I’m looking forward to a bright and growing future as we begin integrating our businesses,” added Rick Stine, president of StandardAero’s CH&A Division.