Averna Capital (“Averna”) has today completed a majority investment in
Mel Aviation Components (“MAC”), a specialist provider of rotable components and support services to the commercial aviation market.
MAC supplies, exchanges, and manages rotable aircraft components, parts that require periodic replacement such as escape slides, pressure regulators, and control units. The company has deep expertise in supporting Airbus and Boeing platforms, with a particular focus on the A320 and B737 families.
In addition to its core services, MAC operates a 24/7 Aircraft-on-Ground (AOG) support desk, enabling rapid response to urgent maintenance needs and helping airlines and MROs return grounded aircraft to service as quickly as possible.
Based in a modern, well-equipped facility in Crawley, UK, the company provides comprehensive “nose-to-tail” support solutions and benefits from close proximity to Heathrow and Gatwick airports.
Richard Tudor, Partner at Averna Capital, said:
“MAC is a significant player in the Aerospace USM and MRO supply market, which offers compelling growth potential. With a strong inventory position in key product lines and a highly capable team, the company is well-positioned to expand. We are excited to support the next phase of growth and have structured our investment to align with management’s strategy.”
The company will continue to be led by Founder and CEO Nick Harvey, alongside Chief Commercial Officer Matt Levick. The leadership team will be further strengthened with the appointment of Andrew Humphreys as
Chief Financial Officer.
Nick Harvey, CEO of MAC, commented:
“This partnership with Averna Capital marks an exciting new chapter for MAC. Our ambition is to become a leading global provider in the USM and MRO market, and we are delighted to have Averna’s backing as we pursue this goal.”
Matt Levick, CCO of MAC, added:
“This acquisition by Averna is an exciting next step in the development of MAC. The business has become a leading supplier of aircraft rotables to airlines, maintenance providers and brokers worldwide. This acquisition by Averna is an exciting next step in the growth for MAC.”
For the year ended 31 October 2024, MAC reported revenues of £34 million.
Averna was advised on the investment by Mayer Brown (M&A legal), KPMG (tax), Oliver Wyman (Commercial), Many Waters Capital (debt advisory), Dickson Minto (funds legal) and Mourant (funds legal). Debt was provided on the transaction by HSBC who were advised by Squires.
[MAC was advised by Acquabridge Law, Raffingers, Finvos]