BBA Aviation Plc (LON:BBA), a market-leading provider of global aviation support and aftermarket services, is pleased to announce that it has completed the acquisition of Firstmark Corp, an aerospace focused aftermarket service provider on terms previously announced, having received the necessary governmental and regulatory approvals. This business will be part of Ontic, our Aftermarket Services business, under Gareth Hall’s leadership.
As announced on 18 September 2018, Firstmark is a leading provider of highly engineered proprietary components and subsystems for the aerospace and defence industries. The acquisition fully supports the strategic growth of Ontic by expanding the portfolio of proprietary products on established civil and military aircraft platforms and adds footprint on the US East Coast.
Information on BBA Aviation plc
BBA Aviation plc is a market leading, global aviation support and aftermarket services provider, primarily focused on servicing the Business and General Aviation (B&GA) market. We support our customers through three principal businesses: Signature Flight Support, Signature TECHNICAirTM and EPIC Fuels which provide premium, full service flight and home base support including refuelling, ground handling and MRO services through the world’s largest fixed base operation (FBO) network for B&GA users with around 200 locations covering key destinations in North America, Europe, South America, Caribbean, Africa and Asia. EPIC Fuels is a global provider of aviation fuels, supplies and services. Ontic is a leading provider of high-quality equipment and cost-effective solutions for the continuing support of maturing and legacy aerospace platforms with locations in the USA, Europe and Asia. Engine Repair & Overhaul (ERO)/Global Engine Services is a leading independent engine service provider to global B&GA operators, the rotorcraft market and regional airline fleets with locations in the USA, Europe, South America, Asia and the Middle East.
On 1 March 2018 BBA Aviation announced that it was conducting a strategic review of the ERO business and, at the end of May 2018, management committed to a plan to sell substantially all of the business and the relevant assets and liabilities were classified as held for sale.
