Tue, 16 Jul 2019 | BUSINESS SALE
A supply chain management company operating in the aviation sector has been sold by Rubicon Partners to AGIC Capital in a £115 million deal at the end of an eight-year holding period.
Established in 1986, Farsound Aviation has been taken over by AGIC in a bid to improve its supply chain services capability by providing the company with new resources, with the possibility of expanding further in Asia – in particular, China.
Specifically, the business, headquartered in Romford but also operating in five different locations across the world, supplies C-Class and B-Class consumable parts to a range of clients in the aero-engine industry.
Ben Mitchell, the vice president of AGIC, said: “Farsound has developed a highly distinctive business model, built long-term customer partnerships and established itself as a leader in a large and growing market.
“Farsound’s significant growth potential is underpinned by structural growth in the global commercial aircraft fleet, particularly in Asia where economic development and demographic changes are driving huge demand for air travel.
“The trend towards greater outsourcing by MRO providers supports the potential for Farsound to grow ahead of the market.”
Farsound Aviation’s chief executive, Kevin Sargent, added: “I’m very excited by this new phase in our development.
“Farsound has come a very long way in the past five years and I am very confident that with the support and backing of the AGIC team, we will continue that rapid growth […] to further enhance Farsound’s position in the market.”
The deal was financed by BlackRock, HSBC and Investec, whilst PwC, EY and KPMG, amongst other professional advisory firms, advised AGIC.
For more news stories about acquisitions, click here. For all our business for sale listings, click here.
Acts as a one-stop shop for its clients’ logistics and storage requirements, providing fully tailored services for clients of all sizes. Currently works with over 150 active clients, with some relationships spanning over 16 years.
LEASEHOLD
Offers dedicated container haulage services to organisations within the commercial logistics market. Currently services 41 active clients, many of whom provide ongoing, repeat custom, supplying the business with a reliable stream of revenue. Boasts a...
LEASEHOLD
Specialises in the supply and installation of suspended ceilings and acoustic control materials. Provides acoustic surveys in order to determine client requirements Approved supplier of leading ceiling and acoustic products, such as Autex, Ecophon an...
LEASEHOLD
22
|
Mar
|
Cumbernauld shopping centre to go up for sale after entering administration | COMMERCIAL PROPERTY
The owner of Cumbernauld's Antonine Shopping Centre, Br...
22
|
Mar
|
Administrators seek buyer for Carmarthenshire ice cream manufacturer | ADMINISTRATION
Administrators from Grant Thornton UK LLP are seeking a buye...
22
|
Mar
|
Flybe assets and brand for sale | ADMINISTRATION
Hilco Capital has been appointed to sell the Flybe brand, fo...
Sign up to receive our acquisition alert emails to get your FREE guide
10
|
Jul
|
Rubicon Partners snaps up manufacturing giants as its 74th acquisition deal | BUSINESS SALE
Park Sheet Metal Company (PSM) has been taken over by invest...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.