Private Equity Firm Levine Leichtman Buys AeroSafety

Levine Leichtman Capital Partners (LLCP) has acquired SK AeroSafety—which inspects, tests, and maintains passenger safety equipment on airliners and private aircraft—from SK FireSafety, the companies announced today. Equipment serviced by AeroSafety includes life vests, fire extinguishers, oxygen masks, oxygen cylinders, evacuation slides, and life rafts.

The company supports a global customer base of more than 700 airlines, component service providers, maintenance and repair organizations (MROs), OEMs, from locations in The Netherlands, UK, U.S., Malaysia, and Dubai. According to AeroSafety, it holds certifications and accreditations from several OEMs, MROs, customers, and global aviation regulators, including the FAA and EASA.

Under the new ownership, AeroSafety CEO Chris Wright said he looks forward “to continuing to grow the business both through further acquisitions, as well as by expanding our service offering at our existing locations.” He added, “We remain highly committed to supporting our customers and will continue to strive for excellence and sustainable growth through superior service, quality, and commitment.”