20 September, 2018: Ontic, a wholly owned subsidiary of BBA Aviation plc has acquired Firstmark Corp, an aerospace focused aftermarket service provider.
Firstmark is a leading provider of highly engineered, proprietary components and subsystems for the aerospace and defence industries. The company employs over 70 people and has locations in Creedmoor, North Carolina and Plainview, New York and will expand Ontic’s US footprint to the East Coast, closer to key OEM partners and customers. It will be highly complementary to Ontic’s existing sites in Chatsworth, California; Cheltenham, in the United Kingdom and Singapore.
The acquisition boosts Ontic’s exposure to the commercial and military aerospace markets, providing access to a range of growth opportunities across various established strategic platforms, with a significant installed base, high utilisation rates and extended in-service lives.
The acquisition is subject to certain governmental and regulatory approvals and is expected to complete in late 2018. This will enhance Ontic’s global legacy focus currently supported from manufacturing and MRO facilities in Chatsworth, California; Cheltenham in the United Kingdom; and in Singapore.