STS Aviation Group has selected Greenbriar Equity Group, L.P. (“Greenbriar”), a New York-based private investment firm, as its new equity partner.
STS provides a range of solutions to the global aviation industry, including component sales and distribution, workforce management, engineering services, line maintenance, and aircraft repair and modifications. The company’s aviation businesses including component sales and distribution, workforce management, engineering services, line maintenance, and aircraft modifications. In September last year, it establishing STS GSE Services in Melbourne, Florida, as part of its plans for ground support equipment repairs.
“This is an exciting time for STS to partner with Greenbriar,” said P.J. Anson, CEO of STS. “The industry recognizes the value of our suite of capabilities and is driving our significant growth. Greenbriar’s deep industry knowledge and track record investing in the aerospace and aviation sectors make them the ideal partner for this next chapter at STS. The entire STS team is excited by our new partnership with Greenbriar and the many opportunities ahead of us.”
“No company in the global aviation supply chain provides more essential solutions than STS,” Noah Roy, Managing Partner at Greenbriar, said. “Customers trust STS to meet their most urgent operational needs, and that has underpinned the company’s success for more than three decades. We are proud to invest in STS to support its continued growth, both organically and through strategic acquisitions. STS’s reputation, capabilities and superb management team provide a unique platform for value creation in the aviation services market.”
The terms of the transaction have not been disclosed.