Commercial Aviation

Commercial aircraft production rates are achieving unprecedented levels, even as the major OEMs plan further increases. The aircraft production supply chain is seeing significant changes as customers seek suppliers with a broad range of component and assembly capabilities and value-added service offerings, while demanding significant cost reductions and investments in new capacity. Aftermarket services including maintenance, repair and overhaul, airport ground handling, pilot training, parts distribution, and spares production have all become attractive areas for investment by private equity and corporate buyers.

CSP maintains a robust commercial aviation advisory practice, supporting U.S., European, and Middle Eastern private equity clients and strategic investors active in all tiers of the industry, in both the OE and aftermarket segments.  Representative focus areas include aerostructures, aeroengine components, avionics, aircraft interiors, airport services, business aviation services, and the full range of aftermarket hardware and support.

In recent years, we have advised on transactions with aggregate enterprise value of more than $25 billion, including:
  • GKN in its acquisition of Fokker Industries
  • Airbus in its sale of Vector Aerospace
  • Sonaca in its acquisition of LMI Aerospace
  • The Carlyle Group in its acquisition of Prime Flight
  • Aernnova in its sale of equity interests to new shareholders
  • Bridgepoint in its acquisitions of Element and Exova, leading providers of materials testing services
  • AE Industrial Partners in its acquisition of Moeller Aerospace
  • The Blackstone Group in its acquisition of MB Aerospace
  • Liberty Hall Capital Partners in its acquisitions of AIM Aerospace and Bromford Aerospace
  • Levine Leichtman Capital Partners in its sale of Tronair