StandardAero signs definitive agreement to purchase PTS Aviation

StandardAero has signed a definitive agreement to purchase boutique asset management company PTS Aviation, a worldwide supplier of serviceable aircraft engines, engine components and engine inventory. Founded in 1995, PTS has more than 150 years of combined aviation management experience and significant expertise buying, leasing and selling engines, modules and used serviceable material (USM). PTS is headquartered in Miramar, FL. and is a private company; terms of the transaction were not disclosed. 

The deal marks StandardAero’s tenth acquisition since March 2015.  Most recently, the company acquired Signature Aviation’s Engine Repair and Overhaul (ERO) business, an engine MRO provider that includes well-established brands such as Dallas Airmotive, H+S Aviation and International Governor Services. 

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