Acorn Growth buys Aerospares 2000

The company's founder, Adam Nemenyi, will stay on with the business as CEO and retain a significant minority stake.

Acorn Growth is a US-headquartered mid-market private equity firm that invests exclusively in aerospace, defence and intelligence. 

The GP intends to bolster Aerospares 2000's growth, consolidate its market position, boost its geographic expansion in both Europe and the US, and enlarge its portfolio of services.

Company
Established in 2000 and headquartered in Watford, Aerospares 2000 specialises in procuring and stocking rotables and other aircraft parts to commercial airlines, as well as providing customer support.

The company's customer base is composed of 350 companies and includes some of the world's largest airlines, as well as cargo operators, leasing companies, original equipment manufacturers and aftermarket suppliers. According to public documents, the company generated gross profit of $14.6m and EBIT of $11m from revenues of $42.8m in 2018.

People
Acorn Growth Companies – Rick Nagel (managing partner).
Aerospares 2000 – Adam Nemenyi (founder, CEO).

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