Global aerospace and defence company Pattonair has acquired UK-based aircraft spares parts supplier company Adams Aviation for an undisclosed sum.
Adams has around 50 years of experience as airframe, avionic parts and accessories distributor in Europe.
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Pattonair CEO Wayne Hollinshead said: “At Pattonair, we have a strong history in the aerospace industry and we are delighted to be further strengthening our position in the market.
“This deal presents us with new opportunities for growth, with Adams currently working with over 130 different product manufacturers across Europe.
“It also gives Adams significant opportunities to grow into both Asia and North America, given our wide presence in these regions.”
With this acquisition, more than 2,000 Adams’ private air customers will now fall under Pattonair’s portfolio.
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By GlobalDataAdams’ clients include flying schools, light aircraft makers and private aircraft owners. It supplies pilot equipment, batteries, wheels and brakes from major manufacturers.
Hollinshead added: “Right now, we’re riding a strong wave of momentum in the aerospace market, given our recent merger, and we’re hugely excited by the added potential Adams Aviation brings to our product portfolio.”
The acquisition of Adams follows a $1.9bn Wesco Aircraft Holdings merger announcement earlier this month.
After closing the deal, Wesco will be merged with a Platinum Equity affiliate, a portfolio company of Pattonair.
Headquartered in Derby, Pattonair has facilities in Singapore, China, Poland, Brazil, France, Italy, Canada and the US.
