--- title: Multi-million pound Acquisition of aviation firm Aeroco Group - FDC description: Acquisition of aviation firm Aeroco Group Holdings and its subsidiaries completes, backed by Frontier Development Capital’s £100m Debt Fund. image: https://hub.frontierdevelopmentcapital.com/hubfs/Imported_Blog_Media/Screenshot-at-Mar-08-13-01-40-1.png --- [For Investors](https://www.frontierdevelopmentcapital.com/investors/) [![FDC logo](https://hub.frontierdevelopmentcapital.com/hubfs/raw_assets/public/FDC_January2021/images/header_logo.svg "FDC logo")](https://www.frontierdevelopmentcapital.com/) - [Debt Funding](https://www.frontierdevelopmentcapital.com/debt-funding) - [SME](https://www.frontierdevelopmentcapital.com/sme-funding/) - [Property](https://www.frontierdevelopmentcapital.com/property-finance/) - [Manufacturing](https://www.frontierdevelopmentcapital.com/manufacturing-investment/) - [About Us](https://www.frontierdevelopmentcapital.com/portfolio/) - [Our Team](https://www.frontierdevelopmentcapital.com/our-team/) - [Our Partners](https://www.frontierdevelopmentcapital.com/our-partners/) - [Portfolio](https://www.frontierdevelopmentcapital.com/portfolio/) - [Insights](https://www.frontierdevelopmentcapital.com/investment-insights/) - [News](https://news.frontierdevelopmentcapital.com/) - [Contact Us](https://www.frontierdevelopmentcapital.com/contact-us/) - [Debt Funding](https://www.frontierdevelopmentcapital.com/debt-funding) - [SME](https://www.frontierdevelopmentcapital.com/sme-funding/) - [Property](https://www.frontierdevelopmentcapital.com/property-finance/) - [Manufacturing](https://www.frontierdevelopmentcapital.com/manufacturing-investment/) - [About Us](https://www.frontierdevelopmentcapital.com/portfolio/) - [Our Team](https://www.frontierdevelopmentcapital.com/our-team/) - [Our Partners](https://www.frontierdevelopmentcapital.com/our-partners/) - [Portfolio](https://www.frontierdevelopmentcapital.com/portfolio/) - [Insights](https://www.frontierdevelopmentcapital.com/investment-insights/) - [News](https://news.frontierdevelopmentcapital.com/) - [Contact Us](https://www.frontierdevelopmentcapital.com/contact-us/) ##### Share: - - # Multi-million pound Acquisition of aviation firm Aeroco Group - March 08, 2021 ![](https://hub.frontierdevelopmentcapital.com/hubfs/Imported_Blog_Media/Screenshot-at-Mar-08-13-01-40-1.png) Manchester headquartered aviation firm specialising in the maintenance, repair and overhaul (MRO) of aircraft cabin and cargo components, has been acquired via a management buyout. [Aeroco Group](https://www.aerocogroup.com/), a Manchester headquartered aviation firm specialising in the maintenance, repair and overhaul (MRO) of aircraft cabin and cargo components, has been acquired via a management buyout led by Chief Executive Jonathan Bird, and Managing Director Tony Lewin. The multi-million pound transaction, which comprises Aeroco Group Holdings and its subsidiary companies, including Aeroco Group International Limited, Aeroco Aircraft Engineering Limited, and Aerograph Limited was funded by Frontier Development Capital (FDC). Led by the new management owners and supported by its existing team, Aeroco Group will look to continue the growth it has achieved in previous years as well as diversifying its capabilities with new products through its Part 21 manufacturing division and it’s Part 145 maintenance repair provisions. With a new state-of-the-art 40,000 square foot facility in Stockport, Manchester, Aeroco Group will continue to service new and existing customers throughout Europe, the Americas, the Middle East and Far East. As part of the change of ownership, original founder William Sheil will exit the business, having left a strong foundation for the MBO team to build upon. **Tony Lewin, Managing Director, Aeroco, said:**  “We are delighted to have completed the buyout of the Aeroco Group. Having performed strongly throughout the pandemic, and with new opportunities on the horizon, this is the perfect time to take control of the company to implement our future vision after working together for many years alongside the previous owner. “We look forward to the future of Aeroco, whilst also wishing Mr Sheil well in his retirement.” **Jonathan Bird, Chief Executive, Aeroco, said:** “We are absolutely thrilled to have completed what has been a long process within a challenging environment and economic climate.  We look forward to the start of a new and exciting journey to provide more of the same, with some new and welcomed opportunities in the coming months.  I would also like to express my sincere thanks and appreciation of the hard work carried out by the Aeroco team, and express gratitude and goodwill to the departing Mr Sheil, whilst congratulating him on his life-time’s work.  We wish him the very best.” FDC is a leading provider of regional debt funding, dedicated to supporting established SMEs through flexible long-term debt investment. **[Ondrej Okeke](https://www.frontierdevelopmentcapital.com/our-team/ondrej-okeke/), Investment Director, Frontier Development Capital, commented:**  “Aeroco is a thriving UK SME, which is very well-placed for continued growth under the experienced stewardship of Jonathan, Tony and their energetic and highly service-driven team of technicians. “We have been very impressed by the professionalism and innovative approach of the Aeroco team, and we believe they are well-positioned in terms of deep industry knowledge and its expanded manufacturing infrastructure to take the business to the next stage of its development. “With our new [Debt Fund](https://www.frontierdevelopmentcapital.com/fdc-debt-fund/) in place, FDC continues to build relationships with ambitious teams like this across the UK and deliver fit-for-purpose funding solutions for regional businesses, through flexible long term investment.” Legal advice for the transaction was provided by Butcher & Barlow LLP (for the MBO team), Squire Patton Boggs UK LLP (for FDC), and Gorvins LLP (vendor shareholder). For more information about Debt Funding download the [SME Funding Pack](https://www.frontierdevelopmentcapital.com/sme-funding/pack/) or call to speak with an Investment Director. ![Image of SME Funding Pack](https://www.frontierdevelopmentcapital.com/wp-content/uploads/2022/04/SME-pack-cover.png) ##### Information Pack ### DEBT FUNDING For more information about FDC funds available download our pack, or get in touch and we’ll answer your questions. [Download Pack](https://www.frontierdevelopmentcapital.com/sme-funding/pack/) [Get in touch](https://www.frontierdevelopmentcapital.com/contact-us/form/) Related News: ![](https://hub.frontierdevelopmentcapital.com/hubfs/New%20recruits_img%202.jpg) [FDC Welcomes New Recruits to Support MEIF II Debt Finance](https://hub.frontierdevelopmentcapital.com/fdc-has-welcomed-new-recruits-to-support-the-meif-ii) [Read More](https://hub.frontierdevelopmentcapital.com/fdc-has-welcomed-new-recruits-to-support-the-meif-ii) ![](https://hub.frontierdevelopmentcapital.com/hubfs/Wolf%20Eyewear%20-%20Tom%20Wolfenden.jpg) [Eyewear Brand Sets Sights on Growth with Acquisition Backed by FDC](https://hub.frontierdevelopmentcapital.com/eyewear-brand-sets-sights-on-growth-with-acquisition-backed-by-fdc) [Read More](https://hub.frontierdevelopmentcapital.com/eyewear-brand-sets-sights-on-growth-with-acquisition-backed-by-fdc) ![](https://hub.frontierdevelopmentcapital.com/hubfs/FDC-with-Morris-Property.jpg) [Hortonwood Sustainable Build Project on course for Autumn Completion](https://hub.frontierdevelopmentcapital.com/hortonwood-sustainable-build-project-on-course-for-autumn-completion) [Read More](https://hub.frontierdevelopmentcapital.com/hortonwood-sustainable-build-project-on-course-for-autumn-completion) ![](https://hub.frontierdevelopmentcapital.com/hubfs/PPS%20-%20case%20study_img.jpg) [Female Founders Focus: Case Study - PPS Equipment](https://hub.frontierdevelopmentcapital.com/fff-case-study-pps) [Read More](https://hub.frontierdevelopmentcapital.com/fff-case-study-pps) ![](https://hub.frontierdevelopmentcapital.com/hubfs/HVAC-PR-image.png) [FDC Backs M&E and FM Acquisitions Platform](https://hub.frontierdevelopmentcapital.com/fdc-backs-me-and-fm-acquisitions-platform) [Read More](https://hub.frontierdevelopmentcapital.com/fdc-backs-me-and-fm-acquisitions-platform) ![FDC-full-white](https://hub.frontierdevelopmentcapital.com/hubfs/FDC_January2021/Images/FDC-full-white.svg) - [RESOURCES](https://www.frontierdevelopmentcapital.com/resources/) - [What is Debt Funding?](https://www.frontierdevelopmentcapital.com/debt-funding/) - [Investment Insights](https://insights.frontierdevelopmentcapital.com/) - [News](https://news.frontierdevelopmentcapital.com/) - [FUNDS AVAILABLE](https://www.frontierdevelopmentcapital.com/funds/) - [SME Funding](https://www.frontierdevelopmentcapital.com/sme-funding/) - [Property Finance](https://www.frontierdevelopmentcapital.com/property-finance/) - [Manufacturing Funding](https://www.frontierdevelopmentcapital.com/manufacturing-investment/) - [SUPPORT](https://www.frontierdevelopmentcapital.com/contact-fdc/form/) - [Contact Us](https://www.frontierdevelopmentcapital.com/contact-fdc/) - [Privacy Policy](https://www.frontierdevelopmentcapital.com/privacy-policy/) - [Terms & Conditions](https://www.frontierdevelopmentcapital.com/terms-and-conditions/) - [Complaints Policy](https://www.frontierdevelopmentcapital.com/complaints-policy/) Tel: 0345 319 4528 | Email: marketing@frontierdevelopmentcapital.com | HQ: 45 Church Street, Birmingham, B3 2RT Frontier Development Capital Limited – registered in England, company number 09967393. Frontier Development Capital Limited is authorised and regulated by the Financial Conduct Authority and is entered in the register under registration number 829697. © 2022 – Frontier Development Capital Ltd. ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Chrissy Hince", "url" : "https://hub.frontierdevelopmentcapital.com/author/chrissy-hince" }, "dateModified" : "2023-05-24T14:35:29.451Z", "datePublished" : "2021-03-08T13:09:09.000Z", "headline" : "Multi-million pound Acquisition of aviation firm Aeroco Group - FDC", "image" : [ "https://hub.frontierdevelopmentcapital.com/hubfs/Imported_Blog_Media/Screenshot-at-Mar-08-13-01-40-1.png" ], "mainEntityOfPage" : { "@id" : "https://hub.frontierdevelopmentcapital.com/multi-million-pound-acquisition-of-aviation-firm-aeroco-group", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://hub.frontierdevelopmentcapital.com/hubfs/1.%20FDC-half-colour-logo.png" }, "name" : "Frontier Development Capital Ltd" } } ```