Aerospace
Interturbine on its sale to B/E Aerospace
Background
Steen Associates acted as sole financial adviser to Interturbine, a European market leader in logistics and material management services for the aerospace industry, on its sale to B/E Aerospace, a Nasdaq-listed aerospace supplier headquartered in Wellington, Florida, USA.
About the transaction
Interturbine was acquired by B/E Aerospace for a cash consideration of €200 million. The transaction brings together two global distributors of aerospace consumables, creating a stronger combined platform with enhanced scale, reach and service capabilities. The combination further strengthens both companies’ competitive positions in their respective markets and supports continued growth in time-critical aerospace logistics.
About the client
Interturbine operates as a “one-stop source” for airlines and global maintenance, repair and overhaul (MRO) providers. More than 60% of its business is generated on an urgent Aircraft-on-Ground (AOG) basis, requiring rapid response times of between 4 and 24 hours. This capability has positioned Interturbine as a critical partner to customers operating in highly time-sensitive aviation environments.
Date:
July 2012
Service:
Sell side
Size:
€200m
Deal locations:
