STS Aviation Group Announces Strategic Investment by H.I.G. Capital

Jensen Beach, Florida – October 8, 2024 – STS Aviation Group (STS), a global leader in aircraft maintenance services, is pleased to announce a significant equity investment by H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm. STS’s executive team, led by CEO P.J. Anson, will remain at the helm and continue as significant shareholders in the company.

Founded in 1984, STS Aviation Group provides comprehensive, nose-to-tail aircraft maintenance services to the global aviation industry. Headquartered in Jensen Beach, Florida, with facilities and offices worldwide, STS operates four state-of-the-art aircraft hangars, two aircraft interior modification centers, and more than 45 line maintenance stations across North America and the United Kingdom. The company specializes in aircraft base and line maintenance, aircraft interior solutions, aerospace engineering, aircraft repairs and modifications, parts sales, global distribution, and workforce management. Known for its customer-first approach, STS helps airlines, aircraft lessors, and military organizations meet their maintenance and operational needs globally.

P.J. Anson, CEO of STS Aviation Group, commented, “Partnering with H.I.G. Capital marks an exciting new chapter for STS. With H.I.G.’s vast resources and expertise, we’re positioned to accelerate our growth strategy, expand our global reach, enhance our service offerings, and pursue new acquisitions—all while maintaining our commitment to delivering innovative, high-quality solutions to our customers.”

Matt Gullen, Managing Director at H.I.G. Capital, said, “We’re thrilled to partner with the STS team. Their impressive track record of providing top-tier aviation services through a skilled workforce and exceptional leadership has positioned STS as a leader in the industry. We look forward to working together to build on their success and drive future growth.”

About STS Aviation Group:

Founded in 1984, STS Aviation Group is a global leader in aviation services, offering nose-to-tail maintenance solutions that include component sales and distribution, engineering, repairs, modifications, and workforce management. Headquartered in Jensen Beach, Florida, STS delivers unmatched expertise and results worldwide. For more information, visit www.stsaviationgroup.com or call 1-800-800-2400.

About H.I.G. Capital:

H.I.G. is a leading global alternative investment firm with $65 billion of capital under management.* Based in Miami, and with offices in Atlanta, Boston, Chicago, Los Angeles, New York, and San Francisco in the United States, as well as international affiliate offices in Hamburg, London, Luxembourg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro, S?o Paulo, Dubai, and Hong Kong. H.I.G. specializes in providing both debt and equity capital to middle market companies, utilizing a flexible and operationally focused/value-added approach. Since its founding in 1993, H.I.G. has invested in and managed more than 400 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of $53 billion. For more information, please refer to the H.I.G. website at hig.com.

*Based on total capital raised by H.I.G. Capital and affiliates.