Ametek Inc. has announced the acquisition of Drake Air, a Tulsa-based provider of heat-transfer repair services to the commercial aerospace industry. The privately held Drake Air has expected annual sales of $15 million.
Terms of the transaction were not disclosed.
“The acquisition of Drake Air represents a further expansion of AMETEK’s growing presence in the global aerospace maintenance, repair and overhaul services industry. This acquisition, coupled with Ametek’s recent acquisitions of Umeco Repair and Overhaul, Southern Aeroparts and B&S Aircraft Parts expands our global MRO platform,” noted Ametek Chairman and CEO Frank Hermance.
Drake Air joins Ametek’s global MRO network as a unit of Ametek Aerospace & Defense. Along with MRO services, Ametek Aerospace & Defense is a supplier of engine and aircraft monitoring systems, power generation and distribution systems, data acquisition units, fuel and fluid measurement systems, engine and airframe sensors, cables, harness assemblies, avionics blowers, fans, and heat transfer and cooling systems.