SK AeroSafety Group (“SK”), a portfolio company of Levine Leichtman Capital Partners (“LLCP”), announced today that it has acquired Fire-Tec Aero Systems LLC (“Fire-Tec”). SK is a leading provider of maintenance, repair and overhaul (“MRO”) solutions to the aviation safety equipment industry, with locations in the United States, the United Kingdom, the Netherlands, Dubai and Malaysia.
Founded in 2005 and headquartered in Phoenix, Arizona, Fire-Tec provides MRO aviation solutions in the United States. It specializes in three main safety product areas: fire extinguishers, oxygen bottles and emergency power equipment, servicing a diverse group of over 350 customers. Fire-Tec’s management team will continue in their current roles with the business, helping to further accelerate SK’s growth in the U.S. market.
Chris Wright, CEO of SK, commented, “We are excited to partner with Fire-Tec to build on SK’s growing reach in the United States by adding further specialist fire safety capabilities to our portfolio. Combining with Fire-Tec will enhance SK’s customer offering, and further solidify our position as a global market leader.”
Josh Kaufman, Senior Managing Director at LLCP, added, “We are thrilled to continue our support of SK and its ongoing acquisition strategy. The acquisitions of Fire-Tec and the successful acquisition of SEMCO in 2019, has enabled SK to develop meaningful scale and capability in the U.S. market.”
SK was advised by Honigman LLP and Grant Thornton LLP.