• Deal size: £140m
  • Date: 29/07/2011

Pattonair

Pattonair is Europe’s leading provider of distribution and value added supply chain management services to the aerospace and defence industry. The business undertakes the sourcing, procurement, inspection, warehousing, product movement, picking and delivery on a just-in-time basis for high volume, low value parts and small and medium complexity components. The company was acquired from Umeco plc for £140m in July 2011.

We were attracted by Pattonair’s leading market position in Europe and its opportunities for significant growth in the US and Asia. The market it serves is characterized by long term structural growth and a trend towards outsourcing. At the same time there is a clear opportunity for operational improvement through renewed focus on the business outside of the PLC environment.

Exponent is backing Pattonair’s incumbent management team led by Wayne Hollinshead, Group Managing Director. Peter Ahye has joined the business as CFO. In addition, Paul Dunkley has been appointed as Chairman. Paul led the successful buyout of Camden Motors, funded by Candover, as Chief Executive and then Chairman and has since held a number of NED positions in PE-backed investments.

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