Bondholder Pattonair has expanded its portfolio with the acquisition of aircraft spares company Adams Aviation.
The agreement is the second move in the aerospace industry in the space of a month by Pattonair, the Derby-based provider of innovative supply chain solutions to the global aerospace market.
It follows the company’s $1.9bn merger with Wesco Aircraft Holdings, significantly expanding its US presence and reinforcing its operations elsewhere in the world.
Both Pattonair and Croydon-based Adams have nearly 50 years of experience in each of their respective industries, with Adams developing into a successful airframe, avionic parts and accessories distributor in Europe.
The new agreement is seen as a mutually beneficial move for both companies, as Pattonair CEO Wayne Hollinshead explained: “At Pattonair we have a strong history in the aerospace industry and we are delighted to be further strengthening our position in the market. This deal presents us with new opportunities for growth, with Adams currently working with over 130 different product manufacturers across Europe. It also gives Adams significant opportunities to grow into both Asia and North America, given our wide presence in these regions.”
The acquisition will see the aircraft spares specialist introduce its large network of more than 2,000 private air customers to the Pattonair portfolio.
This includes clients such as flying schools, light aircraft manufacturers and private aircraft owners, with Adams supplying products such as pilot equipment, batteries, wheels and brakes from leading industry manufacturers.