AerSale, a global supplier of mid-life aircraft, engines, used serviceable material, and maintenance, repair, and overhaul (MRO) services, has acquired aircraft component repair specialist Avborne. Avborne is a certified Federal Aviation Administration (FAA) 145 repair station in Miami, Florida, which provides highly technical and specialized repair services covering a broad range of commercial and military aircraft systems, including hydraulic, pneumatic, electronic, and landing gear components.
Avborne’s in-house engineering development team is continuously introducing innovative cost-saving repair and overhaul regimes as one of the few component MROs operating today under the authority of an FAA Open Class Rating. This licensing allows Avborne to initiate its own FAA repair validation packages for expedited introduction of new repair and overhaul capabilities well in advance of traditional MRO participants. In conjunction with AerSale’s existing MRO facilities, the acquisition of Avborne will enable AerSale to provide complete MRO services across numerous aircraft platforms, from the component level through aircraft heavy maintenance.
“As a recognized leader in high-tech component repair development and services, Avborne is the ideal partner for expanding our existing portfolio of high-quality aviation products and MRO services,” said Nicolas Finazzo, Chief Executive Officer at AerSale. “We are exhilarated over the added value our customers will enjoy from AerSale’s expanding family of integrated aircraft, engine, and component solutions.”
The sale of Avborne netted owner RBC Bearings $21.5 million, subject to a working capital adjustment. Lazard acted as the exclusive financial advisor to RBC Bearings.