ATL Partners Announces Majority Investment in Aero Accessories
ATL Partners (“ATL”) announced today that it has made a majority investment in Aero Accessories & Repair, LLC. (“Aero Accessories” or the “Company”), a leading provider of aerospace component maintenance, repair, and overhaul (“MRO”) services. Headquartered in and operating out of its facility in Miramar, FL, Aero Accessories specializes in the repair of complex components across fuel, hydraulics, pneumatics, and power generation systems and serves customers in the cargo, commercial, and defense end markets. The management team, including founders David and Kevin Vail, will maintain a significant equity stake and continue to lead the business.
Aero Accessories was founded in 2007 and moved into its new 76,000 sq. ft. FAA Part 145 and EASA certified facility in 2021. The Company’s customer-service mindset and commitment to recruiting, training and retaining top-tier talent across its workforce of 115+ employees have enabled the Company to deliver high-quality, cost-effective solutions to cargo airlines, commercial airlines, and defense customers.
“We are proud of the business we have built over the past decade. Over the last few years we have been focused on strengthening customer relationships and growing our range of repair capabilities including high-heat flow pneumatics and integrated drive generator system capabilities,” said David Vail, CEO of Aero Accessories, and Kevin Vail, Vice President of Aero Accessories. “As we partner with ATL, we look forward to accelerating our growth trajectory by capturing more opportunities in our core commercial and cargo markets in North America and expanding our focus globally and in new capabilities and end markets such as defense. ATL has a track record of successfully partnering with founders, and we look forward to leveraging their extensive industry experience as we enter our next phase of growth.”
“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 Paul Teske, Co-Founder and Partner at ATL, and Eli Exum, Vice President at ATL. “We are excited to partner with David, Kevin, and team and look forward to supporting their strategic vision in the years to come.”
Houlihan Lokey served as financial advisor and Greenberg Traurig, LLP served as legal counsel to Aero Accessories. Gibson, Dunn & Crutcher LLP served as legal counsel to ATL.