Houlihan Lokey Advises Sunvair Aerospace Group
Houlihan Lokey is pleased to announce that Sunvair Aerospace Group, Inc. (Sunvair), a portfolio company of Blue Sea Capital LLC (Blue Sea), has been acquired by Greenbriar Equity Group, LP (Greenbriar). Houlihan Lokey served as financial advisor to Sunvair. The transaction closed on May 31, 2024.
Sunvair is a leading maintenance, repair, and overhaul (MRO) services provider focused on complex repairs that require advanced engineering capabilities. The company specializes in landing gear, avionics, flight instruments, sensors, and cargo loading systems, provided through two state-of-the-art facilities in Valencia, California, and Owasso, Oklahoma.
Blue Sea is a private equity firm based in West Palm Beach, Florida, that partners with growth-oriented, lower-middle-market companies and their entrepreneurial leadership teams. The firm has more than $1.4 billion in assets under management and invests across three industry verticals: aerospace and defense, healthcare, and industrial growth. Blue Sea’s strategy is to partner with talented managers and differentiated companies, typically as the first or second institutional investor, to deliver strategic and operational value-add that drives growth acceleration, industry outperformance, and business transformation.
Greenbriar is a middle-market private equity firm with more than 20 years of experience investing in market-leading services and manufacturing businesses. With $10 billion of cumulative capital commitments, its investment strategy targets businesses led by experienced management teams capitalizing on strong long-term growth prospects that can benefit from Greenbriar’s deep sectoral expertise, strategic insight, and operating capabilities.
Houlihan Lokey served as financial advisor to Sunvair and assisted in structuring and negotiating the transaction on its behalf. Within its global Industrials Group, Houlihan Lokey’s Aerospace and Defense practice is a leading M&A advisor to aerospace aftermarket companies. Since 2020, the team has closed more than 60 transactions worth more than $10 billion in enterprise value. With a staff of more than 15 financial professionals, Houlihan Lokey’s Aerospace and Defense practice is among the largest dedicated industry banking teams worldwide. In 2023, the Industrials Group was ranked as the No. 1 M&A advisor for global industrials transactions under $1 billion, according to LSEG (formerly Refinitiv).*
*Excludes accounting firms and brokers.