GT Engine Services

Date:June 2024
Project:Business Sale
Sector:Industrial
Role:Lead Advisor

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Forward advises GT Engine Services on sale to STS Aviation Services

Forward is delighted to have advised Greg Macleod on his sale of GT Engine Services (GTES) a leading UK aircraft engine repair and maintenance provider, to STS Aviation Services (STS) a US headquartered, global provider of aircraft maintenance, repair and overhaul.

 

Founded in 2010, and based out of 100,000 square feet at Stansted Airport, GTES specialises in the repair and maintenance of a wide range of engines and has a strong reputation for its people-centric approach and technical expertise. GTES has over 120 customers worldwide, the business delivers over 300 jet engine repair solutions per year as well as providing storage capability for over 150 engines.

 

Greg will join as Managing Director, Engine Services for STS, becoming part of the broader STS Aviation Group, with opportunities to leverage the scale and reach of the wider STS family. Greg commented that “the last fourteen years have been very special for me. I am very proud of what we have achieved and GTES is now ideally placed with a great workforce and senior leadership team to join STS and start to write the next chapter”.

 

The Forward team consisted of Rob Dukelow-Smith and Amie Goodlad, and having first assisted Greg with his buyout of a former shareholder in 2021 had already built a trusted relationship. Following the approach by STS, Forward was the obvious place to turn, and the team acted as lead advisors to Greg, guiding him through the process from initial meeting to completion.

 

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