JLL Partners Enters Into a Partnership with Aviation Technical Services, Inc.

Kevin Hammond, Managing Director of JLL Partners said, "Under the leadership of ATS's CEO, Matt Yerbic, the Company has built an outstanding team of industry veterans and grown significantly by expanding its relationships with key customers and partners. JLL's investment will provide ATS with ample resources to evolve its offerings within engineering and components services, while continuing to provide excellent service to its blue chip customer base in its core MRO segment. ATS will mark our firm's third investment in the aerospace and defense sector in 2015 and represents the culmination of several years of efforts in the MRO space."

Matt Yerbic said, "I am pleased to be partnering with JLL to continue to pursue the multiple growth avenues available to ATS. Over the last three years, our team has positioned the business for success by expanding capacity, adding new repair capabilities through our acquisition of Texas Air Composites, and organically developing a new initiative in outsourced engineering services, all while retaining the highest standards of service and quality for our customers. JLL has significant experience investing alongside management teams in the aerospace industry, and I am excited to work together to expand our market opportunities and enhance our current business momentum."

Karr Tuttle Campbell, PS acted as legal counsel to ATS, and Jefferies, LLC acted as financial advisor to ATS. Skadden, Arps, Slate, Meagher & Flom LLP acted as legal counsel to JLL Partners.


ATS has been providing maintenance, repair and overhaul services for commercial and military aircraft for more than 45 years. Today, ATS is home to more than 1,600 employees who work together to support a global customer base across three major business platforms: Airframe Services; Components Services; Engineering Services. ATS is headquartered in Everett, Washington, and has expanded operations to Moses Lake, Washington; Fort Worth, Texas; and Kansas City, Missouri.

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JLL Partners is a middle-market private equity firm with a 27-year track-record of adding value to complex investments through financial and operational expertise. Since its founding in 1988, JLL Partners has committed approximately $4.5 billion across seven funds. The firm has developed significant expertise in sectors including aerospace, healthcare, building products, financial services, and business services.

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