Aerospace and defence supply chain specialist Pattonair is set to be acquired by the global investment firm Platinum Equity.
Headquartered in Derby, Pattonair supports blue chip engine and airframe manufacturers and MRO customers with tailored supply chain management solutions. It offers a global service though dedicated facilities in Singapore, China, Poland, Brazil, Canada and five cities in the United States.
Pattonair CEO Wayne Hollinshead said Pattonair and Platinum Equity are a great fit.
“This is exciting news for our company and our customers and we are thrilled about the prospect of partnering with Platinum Equity,” said Mr. Hollinshead. “Platinum has exceptional operational and M&A capabilities, a strong presence in Europe and a track record of helping portfolio companies reach their full potential.”
Platinum Equity Partner Louis Samson added: “Pattonair is a well-respected business with a proven management team and strong long-term customer relationships. We share the company’s commitment to exceptional customer service and look forward to partnering with Wayne and Pattonair’s leadership team to pursue additional growth, both organically and through prospective add-on acquisitions.”
Mr. Samson said Europe is an important focus for Platinum Equity as it continues deploying its most recent fund, Platinum Equity Capital Partners IV, a $6.5 billion global buyout fund.