Aeroco Group, a Manchester-headquartered aviation firm specialising in the maintenance, repair and overhaul (MRO) of aircraft cabin and cargo components, has been acquired via a management buyout led by Chief Executive Jonathan Bird, and Managing Director Tony Lewin.

As part of the change of ownership, original founder William Sheil will exit the business, having left a strong foundation for the MBO team to build upon.

Tony Lewin, Managing Director at Aeroco, says: “This is the perfect time to take control of the company to implement our future vision after working together for many years alongside the previous owner.”

Jonathan Bird, Chief Executive at Aeroco, says: “We are absolutely thrilled to have completed what has been a long process within a challenging environment and economic climate.”

Read more at Private Equity Wire