STS Aviation Group, an aircraft maintenance services company, secured a "significant equity investment" from global investment firm H.I.G. Capital on October 8, 2024.
STS' executive team, including CEO P.J. Anson, will remain at the helm of the company and continue as significant shareholders in the company.
"Partnering with H.I.G. Capital marks an exciting new chapter for STS. With H.I.G.’s vast resources and expertise, we’re positioned to accelerate our growth strategy, expand our global reach, enhance our service offerings, and pursue new acquisitions—all while maintaining our commitment to delivering innovative, high-quality solutions to our customers," said Anson.
H.I.G. Capital managing director Matt Gullen commented: "[STS'] impressive track record of providing top-tier aviation services through a skilled workforce and exceptional leadership has positioned STS as a leader in the industry. We look forward to working together to build on their success and drive future growth.