Team Accessories, an Irish engine and airframe accessory service provider, will look to expand its capabilities following its acquisition by two aerospace industry veterans.
Company director Pat McEvoy and managing director Tom Gibbons were confirmed as the company’s new owners on Monday (Jan. 8) in a sale which sees them acquire 100% shareholding along with all assets and property from outgoing owner Tom Vaughan. McEvoy, a former managing director of Chromalloy, will oversee business development and sales while Gibbons, a 31-year industry veteran, will lead company operations.
Completed over the course of approximately six months, Team Accessories said the deal won’t lead to a change of name or other wholesale transformations across the company.
McEvoy told MRO-Network.com that the company will now concentrate on adding additional capabilities on safety equipment, hydraulic airframe components for the Boeing 737 and Airbus A320 along with engine accessory test capabilities in place allowing it to readily add new engine types. “We will certainly be looking at new engine types and newer wide body airframes while continuing to support fully our existing capability,” McEvoy adds.
One area where it won’t be seeking to expand in the in approvals. McEvoy feels its current approvals, which include certifications from the likes of EASA, the FAA, CAAC and DOT among others, are extensive enough.
Team Accessories, which employs 40 people and has operated since 1995, counts the likes of American Airlines, Sabena Technics and Lufthansa among its customers.
Its airframe and engine components and safety equipment capabilities cover the Boeing 737, 757, 747, and 767, Airbus A319, A320, A330 and A340, and CFM, GE and Pratt & Whitney engine types.