Saturday, December 2, 2023

Barings Supports ATL Partners’ Investment in Aero Accessories

Global asset manager’s private finance group provides senior secured facility to finance acquisition

Barings, one of the world’s leading investment managers, announced it served as lead agent for a senior secured facility to support private equity firm ATL Partners’ (“ATL”) investment in Aero Accessories & Repair, LLC (“Aero Accessories” or the “Company”). Headquartered in Miramar, FL, Aero Accessories is a leading provider of aerospace component maintenance, repair, and overhaul services, serving customers in the cargo, commercial, and defense end markets.

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“We have followed the success of Aero Accessories for a number of years and have been impressed by the culture of the organization and the strong track record of organic growth achieved by the Company,” said Eli Exum, Vice President at ATL. “We are excited to partner with the management team and look forward to supporting their strategic vision in the years to come.”

“Barings deeply values our relationship with ATL Partners and appreciates the opportunity to support the investment in Aero Accessories,” said Max McEwen, Managing Director in Barings’ North American Private Finance Group. “Aero Accessories is a differentiated player in the aerospace aftermarket with a wide breadth of repair capabilities and deep technical expertise. We are confident ATL’s deep experience across the aerospace industry will help the Company accelerate its growth trajectory.”

SOURCE: PRNewswire

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