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Wednesday, February 4, 2009

Ametek Acquires Miami-based MRO

Ametek, Paoli, Pa., announced the acquisition of High Standard Aviation, of Miami, a provider of electrical and electromechanical, hydraulic and pneumatic repair services to the aerospace industry. The price was not disclosed.

With reported annual sales of $31 million, High Standard Aviation will become a unit of Ametek Aerospace & Defense, based in Wilmington, Mass.

“High Standard Aviation strengthens our capabilities in electrical/electromechanical and hydraulic repair and provides us with a valuable presence in Miami, a key MRO hub for the southeastern United States as well as Latin America,” stated Frank S. Hermance, Ametek chairman and CEO. “It also adds to our position in the air cargo segment of the MRO business, broadening our base with a number of key customers.”

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