Alantra advised on the sale of PAS Technologies to StandardAero

May 2017

Sell-side advisory

Alantra, a global investment banking and asset management firm is pleased to announce that KRG Capital Partners has completed the sale of PAS Technologies Inc. to StandardAero, Inc., a portfolio company of Veritas Capital.Alantra was a co-financial advisor with Houlihan Loukey on this transaction, which closed on May 5, 2017.

Headquartered in Kansas City, MO, PAS Technologies is a leading provider of original equipment manufacturer (OEM) and aftermarket aerospace and industrial gas turbine engine components, as well as oil & gas valve components. The company’s products are manufactured in six locations across the United States, Singapore and Romania and are designed using high-tech, proprietary processes to withstand high heat, high wear, and corrosive environments. KRG Capital Partners acquired PAS Technologies in October 2010. The company will become part of StandardAero’s Component, Helicopters and Accessories (CH&A) division and will expand the range of offered services and capabilities for both companies.

Rick Stine, President of StandardAero Components, Helicopters and Accessories, said in a company statement, “With the addition of PAS, StandardAero will now be a key player with new make manufacturing capabilities along with supporting the entire MRO requirements across the full engine life cycle.”

“This marks the fourth turbine engine components transaction closed by Alantra in the past 15 months,” said R. Wade Aust, Managing Director & Partner with Alantra. “PAS management looked to Alantra for our deep knowledge of the aerospace and industrial turbine components market as well as the special processes used to create these components. Houlihan Lokey and Alantra’s combined sector expertise and extensive list of industry contacts led to the ideal strategic partner for PAS.”

“It was a pleasure to work with the PAS management team to help them develop a story for this unique provider of Original Equipment and OEM approved repairs,” said David Waldstein, Director with Alantra.