Blue Sea Capital Announces Sale of Sunvair Aerospace Group

West Palm Beach, Florida – Blue Sea Capital LLC (“Blue Sea Capital”) announced the sale of Sunvair Aerospace Group (“Sunvair” or the “Company”) to Greenbriar Equity Group (“Greenbriar”).

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.

Scott Kirkendall, Partner at Blue Sea Capital, commented, “Sunvair’s evolution is a great example of Blue Sea Capital’s business transformation playbook. Sunvair has grown from a niche MRO to one of the largest independent providers of repair and overhaul services to global airlines. We are thrilled to have partnered with Kerry Jarandson and the Sunvair team to support the Company’s rapid capabilities expansion and a nearly tenfold increase in earnings. We wish Kerry and the Sunvair leadership team, the Company and Greenbriar continued success.”

Kerry Jarandson, CEO of Sunvair, added, “Blue Sea Capital has supported Sunvair through significant growth acceleration, and we are grateful for the partnership. Together, we meaningfully expanded the business organically through growth on next generation programs and proprietary repairs, and also made several strategic acquisitions that complemented our core capabilities. The business is poised for continued strong growth and we look forward to our partnership with Greenbriar.”

Mitch Ulman, Vice President at Blue Sea Capital, added, “This transaction represents the culmination of nearly a decade of company building at Sunvair, through four highly strategic acquisitions and multiple new facility builds and expansions. These expanded capabilities have positioned Sunvair as a key provider to its customers. We are thrilled with the outcome of our investment for all of Sunvair’s stakeholders, including its employees, customers and investors, and are excited to see what Sunvair and its team can accomplish next in partnership with Greenbriar.”

Houlihan Lokey and William Blair served as financial advisors to Sunvair, with Jones Day acting as legal counsel for the Company.

Blue Sea Capital is a private equity firm based in West Palm Beach, Florida that invests in growth-oriented lower middle market companies valued up to $300 million. The firm has over $1.4 billion in assets under management and invests across three industry verticals: aerospace & defense, healthcare and industrial growth. Blue Sea Capital’s strategy is to partner with talented leaders and differentiated companies, typically as the first or second institutional investor, and deliver strategic and operational value-add that drives growth acceleration, industry outperformance and business transformation.

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