PE-backed Farsound Aviation buys Sterling Aircraft Products
Farsound Aviation Ltd has acquired Sterling Aircraft Products Inc, a Concord, Ontario-based distributor of fasteners used in the gas turbine engines of aerospace and power generation customers. No financial terms were disclosed for the deal, which saw Farsound buy the company from the family of Sterling President Hans Pump. Romford, U.K.-based Farsound provides maintenance, repair, and overhaul supply-chain management services to the aerospace and defence sectors. It said the deal will expand its product portfolio. Farsound was acquired in 2011 by U.K. private equity firms Rubicon Partners and Grovepoint Capital.
19 July 2018•2 mins read
