Deal Timeline

Plotted by close date where disclosed, otherwise announcement. Select any marker to jump to the deal entry.

$26.1M
Jun 2019
Qwest Air Parts
$17.0M
Jan 2020
Aircraft Composite Technologies, Inc. (ACT)

The Acquisition Playbook.

Three patterns run through AerSale's acquisitions — what it looks for, how it pays, and how it folds in what it buys.

01
Acquisition criteria
Two capability-adding tuck-ins, not a transformational deal.
AerSale has expanded its aftermarket platform through two small, capability-focused acquisitions rather than large transformational M&A: Qwest Air Parts, which deepened its used-serviceable-material (USM) distribution, and Aircraft Composite Technologies (ACT), which added composite and aerostructures repair. Both were folded into AerSale's existing segments and operated under the AerSale name rather than run as standalone businesses.
Qwest Air PartsAircraft Composite Technologies, Inc. (ACT)
02
Capital deployment
Growth funded largely by feedstock, not M&A.
Beyond these two named acquisitions, AerSale grows chiefly by continuously acquiring 'Flight Equipment' - used aircraft and engines - as feedstock for leasing, whole-asset sales and disassembly into used serviceable material. These asset purchases are disclosed only in aggregate (for example, feedstock acquisitions of roughly $99.6 million in 2025 and $61.7 million in 2024) rather than as individual M&A transactions.
Qwest Air PartsAircraft Composite Technologies, Inc. (ACT)
03
Integration approach
Segment-aligned integration.
Each acquired business is slotted into one of AerSale's operating segments to enhance a specific service line - Qwest into Asset Management Solutions to deepen USM parts, and ACT into TechOps to add composite/aerostructures repair - with the stated aim of improving profitability by enhancing service within that segment.
Qwest Air PartsAircraft Composite Technologies, Inc. (ACT)

The Full Deal Book

2 acquisitions — each with the deal value, financing structure, target revenue, and executive commentary where disclosed.

01 Qwest Air Parts, Inc. · Memphis, Tennessee, United States $26.1M
Announced Jun 2019• Closed Jun 2019 •All-cash purchase of all outstanding shares for $26.1 million
USM (used serviceable material) parts distribution and an FAA Part 145 certified repair station serving commercial aviation

AerSale acquired all of the outstanding shares of Qwest Air Parts, a used serviceable material (USM) distributor and certified repair facility based in Memphis, Tennessee, for $26.1 million in cash. The business was folded into AerSale's Asset Management Solutions segment, and the purchase-price allocation recorded about $13.4 million of goodwill plus intangible assets including customer relationships (roughly $9.6 million) and an FAA Part 145 certificate. From the June 10, 2019 acquisition date through December 31, 2019, Qwest contributed approximately $10.4 million of revenue and $1.8 million of income from operations. This transaction closed before AerSale became a public company through its December 2020 business combination and is disclosed in AerSale's SEC filings.

Why it was attractive
  • An established USM distributor with a certified repair capability and long-standing customer relationships that complemented AerSale's parts and asset-management operations
Post-close · earnings-call commentary

Qwest operates as part of AerSale's Asset Management Solutions segment; its goodwill and FAA-certification intangibles are carried under that segment. Gary Jones, Qwest's president and CEO from 1999 to 2019, joined AerSale as president of its Materials Group.

02 Aircraft Composite Technologies, Inc. (ACT) · Miami, Florida, United States $17.0M
Announced Jan 2020• Closed Jan 2020 •All-cash purchase of all outstanding shares; total purchase price of approximately $17.0 million
Composite and aerostructures repair capabilities under an FAA Part 145 certificateadded to AerSale's maintenancerepair and overhaul (MRO) offering

AerSale acquired all of the outstanding shares of Aircraft Composite Technologies, Inc. (ACT), a Florida corporation located in Miami, Florida, for $17.0 million in cash. The purchase-price allocation recorded about $6.0 million of goodwill (deductible for federal income tax purposes) and roughly $10.1 million of other intangible assets, including customer relationships and an FAA Part 145 certificate. From the January 7, 2020 acquisition date through December 31, 2020, ACT contributed approximately $6.5 million of revenue and $0.7 million of income from operations. The business was subsequently rebranded as AerSale AeroStructures. This transaction closed before AerSale became a public company through its December 2020 business combination and is disclosed in AerSale's SEC filings.

Why it was attractive
  • A specialized composite/aerostructures repair shop with an FAA Part 145 certificate and established customer relationships that broadened AerSale's TechOps MRO services
Post-close · earnings-call commentary

ACT operates within AerSale's TechOps segment and was rebranded as AerSale AeroStructures; its goodwill and FAA-certification/customer-relationship intangibles are carried under that segment.

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