Aviation aftermarket supply chain solutions provider acquired by LKQ
Livingstone is pleased to announce that aviation aftermarket supply chain solutions provider, AeroVision International, LLC has been acquired by LKQ Corporation (NasdaqGS:LKQ). AeroVision, headquartered in Muskegon, MI, is a provider of aftermarket supply chain solutions for the regional commercial and business aviation segments, supplying serviceable aircraft, engines and related components. AeroVision serves a worldwide base of regional aircraft operators, MROs, fixed-base operators, corporate customers and other distributors.
Livingstone Managing Director Andrew Bozzelli commented, “We are pleased to announce the sale of AeroVision to LKQ. Founders Greg Van Boxel and Jeff Barnes, along with the rest of the AeroVision management team, built a differentiated offering which will be an ideal platform for LKQ to enter the aerospace industry. We are excited about the future for AeroVision as the LKQ transaction not only represents an outstanding outcome for the sellers, but also for the business moving forward.”
AeroVision continues Livingstone’s string of successful sales of middle market businesses to public companies including AMETEK, Inc. (NYSE:AME), Nxt-ID, Inc. (NasdaqCM:NXTD), and Unilever, N.V. (ENXTAM:UNA).