Vance Street Capital LLC, a Los Angeles-based private equity firm, recapitalized Eirtech Aviation Services, a provider of specialist aviation services for the largest airlines and aircraft leasing companies globally.
The terms of the transaction were not disclosed.
Headquartered in Shannon, Ireland with offices in Dublin and Singapore, EAS provides design-engineering, manufacturing and product solutions, as well as asset management and CAMO services, that ensure regulatory compliance with FAA, EASA and other local jurisdiction mandates. EAS’s services provide full support to airlines, aircraft leasing companies, private operators and OEMs for all their fleet transition and modification requirements.
EAS was founded in 2009 by entrepreneurs Niall Cunningham and Gerry O’Shea.
As part of the transaction, Mr. Cunningham and Mr. O’Shea are retaining a material ownership position in the company. Mr. David Kerr, Deputy CEO, will continue to lead the business in his current role.