News

PAS Technologies Ireland Limited Sold to TRS Global

BOSTON, January 26, 2015 – C.W. Downer & Co., a leading global middle-market investment bank, is pleased to announce that PAS Technologies, a portfolio company of KRG Capital Partners, has sold PAS Technologies Ireland Limited to TRS Global, LLC, a portfolio company of Knox Capital. The deal closed on December 10, 2014 and the transaction value was not disclosed.

PAS Technologies Ireland Limited ("PAS Ireland") is the Irish subsidiary of PAS Technologies headquartered in Kansas City, Missouri, USA. PAS Ireland is a leading provider of Maintenance, Repair, and Overhaul (MRO) services in the land based and aerospace turbine market with an expertise in hot section components. The company's diverse customer list includes leading OEMs, tier I suppliers, electric companies and airlines. PAS Ireland also possesses numerous licenses and certifications which allow it to be a "One-Stop-Shop" to its customers providing a wide range of services including engineering, machining, brazing & heat treatments, coatings, and inspection.

"PAS Ireland possesses the capabilities and customer list of a much larger business which makes it a very interesting platform for Knox Capital to leverage," said David Waldstein, Vice President with C.W. Downer & Co.

"This transaction highlights C.W. Downer & Co's global capabilities and strong aerospace and land-based turbine market experience," said Wade Aust, Managing Director & Partner with C.W. Downer & Co. "We were able to bring in buyers from around the globe to participate in our divestiture process. Knox Capital ultimately emerged as the successful buyer as a result of its knowledge of the sector and the opportunities that it saw in combining PAS Ireland with another US-based company in the same space," Mr. Aust concluded.

The C.W. Downer & Co. team advising PAS Technologies on the divestiture included R. Wade Aust (Managing Director & Partner), David Waldstein (Vice President), Nicolas Vienot (Vice President), and Dave Peslak (Analyst).

About C.W. Downer & Co.

C.W. Downer & Co. is an independent, global investment bank offering middle-market clients a high level of personal attention coupled with 40 years of international execution experience. We provide insight, not just information. We generate value, not just transactions. With nine fully integrated offices on four continents, we consistently identify the most appropriate strategic buyer and uncover “hidden” acquisition targets. C.W. Downer & Co. delivers the reach of a bulge-bracket investment bank with the senior level focus of a boutique. For more information, visit http://www.cwdowner.com.

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