Baird Capital has sold its investment in end-of-life aircraft services provider, ecube Solutions Limited (ecube), to Unical Aviation Inc (Unical), an aftermarket parts supplier to the global aerospace industry backed by Platinum Equity.
From locations in St Athan, Wales, Arizona, US, and Castellon, Spain, ecube has grown to become the world’s leading end-of-life aircraft service provider, supporting Circular Economy demands through the re-use and recycling of critical components.
Baird Capital invested in ecube in 2020 with Partners James Benfield and Louise Kingston joining the board of directors. Through its investment period, Baird supported the company recruit a new leadership team to enable the retirement of the founders, establish a US footprint through the greenfield development of a new site in Arizona and to diversify into complementary service capabilities.
The transaction marks a full realisation for Baird Capital
Baird Capital was advised by Kroll (M&A Advisor) and Eversheds Sutherland (Legal).
