B&E Group merges with Safe Fuel Systems

MPE Partners has announced the recapitalization of Safe Fuel Systems, Inc. (“SFS”), a FAA/EASA certified component repair station engaged in the maintenance, inspection, and repair of aircraft components, the company said.

SFS has merged with the MRO business unit of MPE´s existing portfolio company B&E Group (“B&E”). The combined companies will operate under the name SAFE Aviation Solutions, and together are a independent repair shop for airframe and engine fuel components.

MPE and B&E partnered in the transaction with SFS founders Rafael Fuentes and Ann Justiz, who will both continue to manage the daily operations of SFS.

Twin Brook Capital Funding LLC provided senior debt financing to support the transaction. Corporate Finance Associates acted as financial advisor to SFS.

Founded in 2001 and headquartered in Hialeah, Florida, Safe Fuel Systems is a FAA/EASA certified component repair station engaged in the maintenance, repair, inspection and alteration of aircraft components and parts for major domestic and international operators.

Headquartered in Southwick, Massachusetts and Fort Myers, Florida, B&E Group is comprised of two distinct business units, a maintenance, repair and overhaul (“MRO”) group and an original equipment manufacturing (“OEM”) group. The company´s OEM group manufactures complex, machined components used in commercial aerospace, military and space applications. The company´s MRO group provides repair and overhaul services with over 700 individually designed and approved repair procedures for commercial airline customers.

MPE Partners seeks to be the preferred partner for entrepreneur and family-owned companies. Based in Cleveland, OH and Boston, MA, MPE invests in profitable, lower middle market companies with EBITDA between USD 5 – USD 20 million. MPE has two primary investment areas: high-value manufacturing and industrial services.