LONDON—German private equity investor Aurelius has completed the acquisition of UK-based maintenance, repair and overhaul provider Marshall Aerospace.
The sale of the Hercules specialist, announced to investors in early September, was formally completed on Oct. 8 after being approved by shareholders, the UK government and Austrian competition authorities.
Marshall Aerospace currently provides MRO to a growing number of Lockheed C-130J Hercules operators. It is in the process of modifying and upgrading 12 ex-Royal Air Force C-130Js for the Turkish Air Force after receiving approvals U.S. International Traffic in Arms Regulations approvals.
The storied company previously converted Lockheed Tristars into tankers for the UK Royal Air Force, built the drooping nose for Concorde and developed the Project Dolphin signals intelligence aircraft based on the Bombardier Global 6000 business jet for the United Arab Emirates.
Marshall Aerospace CEO Bob Baxter said its takeover by Aurelius was an “important new chapter” for the company. Aurelius, he said, “have the expertise and resources to back our next phase of growth and capitalize on emerging opportunities as the defense industry continues to transform.”
The MRO provider now needs to plan its next big milestone: the plan to move from its existing facilities in Cambridge, England, to a new site, which is yet to be disclosed. It needs to vacate Cambridge Airport by the end of June 2029, and will cease normal trading at Cambridge Airport by March 31 of that year. The airport is to be re-developed for housing.
A plan to move to Cranfield airport was halted last year because of concerns about cost.
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