Global aerospace specialists Pattonair has expanded its portfolio with the acquisition of aircraft spares company Adams Aviation, for an undisclosed fee.
This move follows the company’s $1.9 billion merger with Wesco Aircraft Holdings, which aims to expand its US presence.
Croydon-based Adams Aviation has been in business for 50 years and has been a successful airframe, avionic parts and accessories distributor in Europe.
Commenting on the acquisition, Pattonair CEO Wayne Hollinshead explained: “At Pattonair we have a strong history in the aerospace industry and we are delighted to be further strengthening our position in the market.
“This deal presents us with new opportunities for growth, with Adams currently working with over 130 different product manufacturers across Europe.
“It also gives Adams significant opportunities to grow into both Asia and North America, given our wide presence in these regions.”
The acquisition will see the aircraft spares specialist introduce its large network of more than 2,000 private air customers to the Pattonair portfolio.
This includes clients such as flying schools, light aircraft manufacturers and private aircraft owners, with Adams supplying products such as pilot equipment, batteries, wheels and brakes from leading industry manufacturer
As well as bringing new customers to the table, the acquisition will also benefit Pattonair from a strategic point of view.
Its merger with US-based Wesco Aircraft Holdings earlier this month has further solidified Pattonair’s leading position in the global aerospace market.
Wayne added: “Right now, we’re riding a strong wave of momentum in the aerospace market, given our recent merger, and we’re hugely excited by the added potential Adams Aviation brings to our product portfolio.”