StandardAero To Acquire Signature’s Engine Repair Biz

StandardAero will acquire signature Aviation’s engine repair and overhaul (ERO) business for $230 million under a definitive agreement between the two firms. Dallas Airmotive, H&S Aviation, W.H. Barrett Turbine Engine Co., International Governor Services, and International Turbine Service are all part of Signature’s ERO portfolio.

“We are pleased that we have reached an agreement to sell our ERO business to StandardAero, where we believe the business will continue to flourish,” said Signature Aviation CEO Mark Johnstone. The transaction, which comes at a time when Signature Aviation is looking for a buyer, is scheduled to finalize by the middle of the year.

Signature’s ERO is headquartered in Dallas and includes engine overhaul facilities in Dallas and Portsmouth, England, 10 regional turbine centres, one component MRO facility, and two parts/distribution sites. In 2020, the ERO employed 1,100 employees and earned $500 million in income.

The Signature ERO facilities, according to StandardAero, provide maintenance, repair, and overhaul (MRO) of the majority of turbine engine models found on fixed- and rotary-wing aircraft utilized in business aviation, as well as government, military, and commercial applications. StandardAero’s MRO capabilities on various Pratt & Whitney, Honeywell, Rolls-Royce, and General Electric engines will be expanded as a result of the acquisition, including services for PW200, PW500, Spey and Tay engines, and PW901 APUs. The acquisition will also help StandardAero’s component repair capabilities, parts distribution channels, and mobile field services.

“ERO is a terrific and complementary fit for StandardAero, expanding our portfolio with more volume of the engines we support today, while also growing our service base with a significant number of new engine platforms and customers,” StandardAero chairman and CEO Russell Ford said. “Like StandardAero, ERO is OEM-aligned and has a long history of outstanding service and customer satisfaction. With this acquisition, StandardAero will achieve significant cost and operational efficiencies and will continue on pace to become one of the preeminent MRO companies in the world.”