PAS Technologies, a portfolio company of KRG Capital Partners, has been acquired by StandardAero, a portfolio company of Veritas Capital from Houlihan Lokey. The transaction closed on May 5, 2017.
PAS providesÂ OEM and aftermarket aerospace engine components that areÂ able to endureÂ high-wear, high-heat, and corrosive environments. The companyÂ offers a comprehensive set of in-house manufacturing and innovative repair processes. PAS’ strong partnerships with leading engine OEMs hasÂ helped it to build theÂ engine platforms PW4000, LM2500, F117, F110, F414, V2500, and CFM56.
PAS currently operates from six facilities around the world, in Hillsboro, OH, Kansas City, MO, Phoenix, AZ, South Windsor, CT, Singapore; and Romania. The company employs nearly 500 people and is owned by KRG Capital Partners, a Denver-based private equity buyout firm.
StandardAero provides servicesÂ including engine and airframe maintenance, repair, and overhaul;Â engine component repair;Â and engineering. StandardAero is owned by Veritas Capital.