Dart Aerospace Acquired By Greenbriar Equity Group And First Aviation Services | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-11.04.24

Airborne-NextGen-11.05.24

Airborne-Unlimited-11.06.24

Airborne-FlightTraining-11.07.24

Airborne-Unlimited-11.08.24

Fri, Mar 15, 2019

Dart Aerospace Acquired By Greenbriar Equity Group And First Aviation Services

Terms Of The Acquisition Were Not Disclosed

Greenbriar Equity Group and First Aviation Services have announced the acquisition of Dart Aerospace ("Dart" or "the Company"), a provider of mission equipment and aftermarket components for the helicopter and fixed-wing industries. Dart has operated as a subsidiary of Eagle Copters Ltd. ("Eagle Copters") and Era Group Inc. ("Era") for over 10 years. The acquisition by Greenbriar and FAvS will be completed following customary closing conditions.

"Dart is well recognized in the industry for its engineering-led culture of innovation and success developing critical aftermarket and OEM components to support customers worldwide," said Noah Roy, Managing Partner of Greenbriar. "We look forward to supporting Dart's world-class management team and employees during this next chapter of the Company's growth."

"Dart's extensive product offering and expertise certifying flight-ready components provide an exciting opportunity for partnership with First Aviation. We share Dart's core values of solving customer challenges through engineering and quality execution. We see many opportunities to collaborate with Dart to drive additional growth through our investment," said Aaron Hollander, Chairman and CEO at FAvS.

"We would like to thank Eagle Copters and Era for their continuous support throughout these years. We are excited about this new relationship with Greenbriar and FAvS," said Alain Madore, president and CEO at Dart. They are both experienced investors in the aerospace industry and we are confident that their capital and expertise will play a crucial role in supporting Dart as we continue to grow and expand our markets and capabilities."

"Having had the privilege of being involved with Dart since 2003, we have enjoyed seeing the Company successfully grow and develop a broad suite of market leading products and capabilities. It has been a great journey and I know that Dart will continue to be a leader and innovator within the industry," explains Mike O'Reilly, Director at Eagle Copters.

Dart's current management team will continue to lead the Company and it will continue to operate from its existing worldwide facility network.

Terms of the transaction were not disclosed.

(Source: Greenbriar Equity Group, L.P. news release)

FMI: www.greenbriarequity.com

Advertisement

More News

ANN's Daily Aero-Linx (11.07.24)

Aero Linx: Vertical Aviation Safety Team (VAST) The Vertical Aviation Safety Team (VAST) is a public–private initiative to enhance worldwide flight operations safety in all s>[...]

ANN's Daily Aero-Term (11.07.24): Maximum Authorized Altitude

Maximum Authorized Altitude A published altitude representing the maximum usable altitude or flight level for an airspace structure or route segment. It is the highest altitude on >[...]

Aero-News: Quote of the Day (11.08.24)

“The final hole size matched-drilled technology ensures that all parts align perfectly, reducing the need for measurements and adjustments. This advancement not only saves ti>[...]

Airborne-Flight Training 11.07.24: CFI Changes, DPE Symposium, Evektor Harmony

Also: EAA Scholarship, Keewatin Air Pilots, Bell Textron Donates, Capt. Judy Cameron Scholarship On December 1, 2024, the FAA will be finalizing major changes for current and futur>[...]

Classic Aero-TV: Of Old Crows and Young Hearts

An SnF2023 Favorite (YouTube Edition): The Stearman Storyteller A young Dutch boy looked on, rapt with amazement, as a T-6 pilot flew an aerobatic routine during an airshow long lo>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC