Onex Partners has acquired Farsound from AGIC Capital, enhancing its investment portfolio in the growing aerospace MRO market.

Target Information

Farsound is a premier global provider of supply chain solutions tailored for the aerospace engine maintenance, repair, and overhaul (MRO) market. Based in Brentwood, England, Farsound specializes in the procurement, supply, and inventory management of high-volume consumable hardware components critical for engine overhauls. The company partners strategically with leading engine MRO providers, enhancing operational efficiency and optimizing engine turnaround times through its advanced supply chain management and value-added services. Farsound operates multiple facilities across the UK, the U.S., Canada, and Spain.

Industry Overview

The aerospace sector is experiencing robust growth, driven by the increasing demand for air travel and rising investments in aircraft maintenance and support services. In the UK, this sector plays a crucial role in the economy, contributing significantly to exports and employment. The maintenance, repair, and overhaul market, in particular, is expected to expand as airlines prioritize the upkeep of their fleets to ensure safety and efficiency.

In recent years, the aerospace MRO industry has seen significant technological advancements, including the adoption of digital tools for asset management and predictive maintenance. These innovations not only stre