Photo: Segers Aero Corporation, Fairhope, Ala. Dec. 17, 2021 –(PR.com)
Investment Firm H.I.G. Capital announced in a news release that one of its affiliates has completed the acquisition of Segers Aero Corporation.
Segers provides essential maintenance, repair, and overhaul (“MRO”) services on mission-critical military platforms. The Company offers a suite of engine, accessory, and propeller services for global operators of the C-130 and similar aircraft. The C-130 is a versatile tactical airlift platform developed with more than 2,000 active aircraft utilized for a variety of mission profiles.
Segers, headquartered in Fairhope, Ala., was founded in 1976 and is led by a team of industry veterans with deep MRO experience.
H.I.G. noted that Segers is recognized by its OEM partners and customers for superior quality and continuous improvement efforts. The Company maintains a range of approvals from Rolls Royce, Lockheed Martin, and Honeywell, in addition to national airworthiness approvals from the United States, European Union, and the United Arab Emirates (UAE).
H.I.G. said it is partnering with the current management team to support the Company’s continued growth.
Christo Kok, Segers’ Chief Executive Officer, said, “Over the last five decades, we have made substantial investments in our facility, expertise, and capabilities to position Segers as a best-in-class provider of repair and overhaul services. Given our reputation for safety and providing the highest quality services, our customers are increasingly turning to Segers to meet their needs. We are excited to partner with H.I.G. to leverage their resources and experience to further invest in our capabilities and provide best-in-class service to our customers.”
Anthony Chambers, Managing Director at H.I.G., added, “Segers is a critically important partner to global operators of the C-130 and related platforms. We look forward to collaborating with management to build upon the Company’s long history of success with incremental investments to expand capacity and enhance opportunities for continued growth.”
H.I.G. is a global alternative investment firm with $60 billion of capital under management. Based in Miami, and with offices in Atlanta, Boston, Chicago, Dallas, Los Angeles, New York, and San Francisco in the United States, as well as international affiliate offices in Hamburg, London, Luxembourg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro, São Paulo, and Dubai, H.I.G. specializes in providing both debt and equity capital to middle market companies, utilizing a flexible and operationally focused/value-added approach.
More information:
hig.com
https://segers.aero/
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