Levine Leichtman Capital Partners, acquired on Jan. 28 passenger aircraft safety testing firm SK AeroSafety from SK FireSafety Group, a portfolio company of Apax Partners.
“We look forward to continuing to grow the business both through further acquisitions as well as by expanding our service offering at our existing locations,” said SK AeroSafety Chief Executive Chris Wright in a statement, noting the firm “remains highly committed to supporting our customers and will continue to strive for excellence and sustainable growth through superior service, quality and commitment.”
SK AeroSafety reports a global customer base of more than 700 airlines, service providers and maintenance organizations. Its testing services extend to any safety features on passenger aircraft.
Levine Leichtman has over $10 billion in managed institutional capital since its 1984 inception, and has offices in the United Kingdom and Netherlands in addition to its Beverly Hills headquarters.
“We believe Levine Leichtman Capital Partners’ global network and their local presence in our core markets will be a critical driver of our future growth,” Wright said.
Wouter Snoeijers, managing director of Levine Leichtman, said in a statement the firm is “proud to invest in a company that enables millions of passengers to fly safely every year and (looks) forward to supporting its continued growth and success.”
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