Onex Corporation announced that its Onex Partners Opportunities Fund has reached an agreement to acquire Farsound, a company specialising in supply chain solutions for the aerospace engine maintenance, repair, and overhaul (MRO) sector. The investment will be made in collaboration with Farsound’s management team, which is headed by Chief Executive Officer Chris Knott. The financial details of the transaction have not been disclosed.
Based in Brentwood, England, Farsound focuses on sourcing, supplying, and managing the inventory of consumable hardware components used in aerospace engine overhauls. The company partners with leading engine MRO providers, enhancing efficiency and reducing turnaround times for its clients. Farsound operates from facilities located in the UK, the United States, Canada, and Spain.
Chris Knott, CEO of Farsound, stated, “We are excited to partner with Onex for Farsound’s next phase of growth. Onex shares our vision for growth of the business, and we have been impressed by both Onex’ experience and track record of helping businesses realize their growth ambitions. We look forward to working together and amplifying Farsound’s growth opportunity through our partnership.”
Faiz Hemani, Managing Director at Onex Partners, said, “We are delighted to invest in Farsound and partner with Chris Knott and the management team to deliver on the next phase of its growth. We look forward to applying our aviation and aerospace networks for the company’s benefit across its customer landscape.”
This acquisition is consistent with Onex Partners’ established history of investing in the aviation and aerospace industries and supporting businesses with unique value propositions in growing markets.
The transaction is anticipated to be finalised later this year, subject to standard regulatory approvals and closing conditions.
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