Bondholder Pattonair has been acquired by a US private equity house, Platinum Equity.
Pattonair is a global aerospace supply chain provider, with services including planning and inventory management. Their clients include a number of aerospace giants, including fellow Bondholder Rolls-Royce.
Wayne Hollinshead, Chief Executive of Pattonair, said: "This is exciting news for our company and our customers and we are thrilled about the prospect of partnering with Platinum Equity.
"Platinum has exceptional operational capabilities, a strong presence in Europe and a track record of helping portfolio companies reach their full potential."
Louis Samson, Partner at Platinum Equity, added: "Pattonair is a well-respected business with a proven management team and strong long-term customer relationships.
"We share the company's commitment to exceptional customer service and look forward to partnering with Wayne and Pattonair's leadership team to pursue additional growth, both organically and through prospective add-on acquisitions."