Aero Accessories & Repair, a portfolio company of ATL Partners (“ATL”) and a leading independent provider of aerospace component maintenance, repair, and overhaul (“MRO”) services, announced the acquisition of Miami-based New Generation Aerospace (“NGA”) and Tri-County Aerospace (“Tri-County”). Financial terms of the transaction were not disclosed.
Headquartered in Miramar, FL, Aero Accessories specializes in the repair of complex engine and aircraft components across fuel, hydraulic, pneumatic, avionics, instrumentation, electromechanical, and power generation systems. The Company serves customers in the commercial and logistics aerospace markets both domestically and internationally. The acquisition strengthens Aero Accessories’ rewind and power generation servicing capabilities.
“At Aero Accessories, we are building a scaled, technically-differentiated component MRO platform focused on serving our customers across the aviation aftermarket. Core to this approach is executing a highly disciplined M&A strategy and delivering a comprehensive solutions platform,” said David Vail, CEO of Aero Accessories. “NGA and Tri-County each bring deep expertise in component rewind and power generation servicing – capabilities our customers have increasingly sought from us – and strengthens our position in the commercial aviation aftermarket. We are pleased to welcome both teams to the Aero Accessories family.”
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“We are excited to become part of Aero Accessories’ growing platform,” said Orlando Fernandez, President of NGA and Tri-County. “Their team shares our commitment to quality, technical excellence, and customer service, and we are confident the combination will create meaningful opportunities for our customers and enable us to offer a significantly broader suite of MRO services. We look forward to supporting the continued growth of the business together.”
Frank Nash, ATL’s Founder and Managing Member, said, “This acquisition is Aero Accessories’ fourth since our partnership began in 2022 and reflects the measured execution of our M&A strategy to build a more scaled and specialized platform that can better serve its customers. We are excited by the momentum the Aero Accessories team continues to build.”
SOURCE: Businesswire
