Two Firms Help ATL Partners Buy Aero Accessories Majority Stake

Gibson, Dunn & Crutcher advised ATL Partners on the private equity firm’s acquisition of a majority stake in Aero Accessories & Repair, LLC, a provider of aerospace component maintenance, repair, and overhaul services.

Greenberg Traurig counseled Aero Accessories, which was founded in 2007 and has its headquarters and operations in Miramar, Florida. The company, which has about 115 employees, specializes in repair of complex components for fuel, hydraulics, pneumatics, and power generation systems. Its customers include cargo airlines and commercial airlines, as well as operators in defense end markets, according to a statement.

The Aero Accessories management team, including founders David Vail, CEO, and Kevin Vail, vice president, will maintain a significant equity stake and continue to lead the business. In a statement they said ATL’s investment will allow them to capture more opportunities in their core markets in North America and to expand their focus globally and into new capabilities and markets.

No financial details were disclosed for the transaction.

Gibson Dunn said its corporate team advising ATL Partners was led by partners Alexander Fine and Mark Director and included associates Jonathan Abrams and Dominic Adduci.