Sell Side Advisor

Duff & Phelps' Aerospace Defense and Government Services M&A Advisory Team Advised SEMCO Aerospace on its Sale to SK AeroSafety Group

On October 22, 2019, SEMCO Aerospace, LLC ("SEMCO") was acquired by SK AeroSafety Group ("SK AeroSafety"), a portfolio company of Levine Leichtman Capital Partners Europe, L.P. SEMCO is a provider of aviation maintenance, repair and overhaul (“MRO”) services specializing in safety, survival and emergency components and equipment.

Duff & Phelps served as exclusive financial advisor to SEMCO Aerospace in connection with the transaction.

About SEMCO Aerospace
SEMCO is a leading, one-stop provider of MRO services for flight-critical safety, survival and emergency components and equipment serving the commercial, regional, cargo, military and private charter aviation markets. With a large breadth of capabilities and track record of reliable and timely service, SEMCO has built a large customer base that includes more than half of the top 20 commercial aircraft operators in the United States. The company has received approval from the Federal Aviation Administration (FAA), European Aviation Safety Agency (EASA) and the U.S. Department of Transportation to provide MRO services for a broad range of aviation safety components and equipment including crew masks, oxygen bottles, nitrogen cylinders, fire bottles, life rafts, evacuation slides and life vests. Based in Carrollton, TX, the company’s operations are conducted in a facility strategically located near the geographical center of the United States in close proximity to one of the five busiest airports in North America. Becker, Glynn, Muffly, Chassin & Hosinski LLP served as legal counsel to SEMCO.

About SK AeroSafety 
SK AeroSafety specializes in the inspection, testing, maintenance and repair of critical passenger and crew safety equipment found on all commercial and private aircraft worldwide. Examples of equipment serviced by the company include life vests, fire extinguishers, oxygen masks, oxygen cylinders, evacuation slides and life rafts. SK AeroSafety supports a diversified and global customer base of over 700 airlines, component service providers, MROs and OEMs, and has locations in The Netherlands, United Kingdom, United States, Malaysia and Dubai. The company holds key certifications and accreditations from its OEMs, MROs, customers and key global aviation regulators, including the FAA and EASA. Honigman LLP served as legal counsel to SK AeroSafety.

About Levine Leichtman Capital Partners
Levine Leichtman Capital Partners, LLC (“LLCP”) is a middle-market private equity firm with a 35-year track record of successfully investing across various targeted sectors, including franchising, professional services, education and engineered products. Since inception, LLCP has managed over $10.7 billion of institutional capital across 14 investment funds and has invested in over 80 portfolio companies. LLCP currently manages $6.4 billion of assets and has offices in Los Angeles, New York, Dallas, Chicago, Charlotte, London, Stockholm and The Hague.

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