Bridgepoint portfolio company The SK AeroSafety Group is pleased to announce the successful acquisition of John Cameron Aviation, a respected leader in the aviation industry. This strategic move underscores the SK AeroSafety Group's commitment to expanding its service offerings and bolstering its position within the global aerospace community.
The SK AeroSafety Group supports the aerospace sector worldwide with MRO component services, establishing itself as a business built upon service, quality, and reliability. With industry-leading turnaround times and competitive pricing, the SK AeroSafety Group generates over EUR 100 million in revenue annually and employs a skilled workforce of more than 450 staff across its global operations, which span from Los Angeles to Sydney, encompassing 16 service centres.
The transaction is supported by SK Aerosafety Group’s existing sponsor Bridgepoint, which partnered with the company in 2023 via Bridgepoint Development Capital, a lower middle-market fund focused on supporting fast-growing businesses across Europe. The partnership between SK Aerosafety Group and Bridgepoint – one of the world’s leading quoted private asset growth investors with over $72 billion under management – is focused on expanding the firm’s capabilities and geographic presence, positioning SK AeroSafety to pursue accretive acquisitions and investment opportunities while benefitting from Bridgepoint's global network and deep sector expertise.
John Cameron Aviation, founded by aviation pioneer John Cameron, boasts a rich history rooted in the Australian aviation landscape. Having initially contributed to the manufacture of the Australian agricultural ‘Cropmaster’ aircraft, John gained attention for his daring flight of a Tiger Moth under the Sydney Harbour Bridge, honouring the late Australian aviation legend, Syd Marshall. In the 1990s, John Cameron Aviation emerged as the leading supplier of HTL Fire Suppression Bottles in Australia, developing processes for the capture, re-processing, and re-use of Halon 1301, a critical component of aircraft fire suppression. The capability and service offering of the business has since expanded into oxygen cylinders, oxygen masks, restraints and helicopter maintenance.
“By integrating John Cameron Aviation into the SK AeroSafety Group, we are enhancing our ability to deliver innovative solutions to our clients while continuing to invest in our people and operations,” said Ben te Beek, CEO of SK AeroSafety Group. “This acquisition not only strengthens our service capabilities but also ensures we remain a leader in the ever-evolving aerospace sector.”
David MacKenzie, Partner at Bridgepoint, added, “We’re proud to support SK AeroSafety Group’s continued international growth, including today’s acquisition of John Cameron Aviation. This addition brings valuable expertise and regional capability that will further strengthen SK AeroSafety’s positioning as a global leader in the aviation safety component maintenance, repair and overhaul services market.”
With this acquisition, the SK AeroSafety Group reaffirms its dedication to providing top-tier aviation services while actively expanding its range of solutions to meet the current and future needs of the industry.
Financial details of the transaction were not disclosed.