Signia Aerospace has announced its acquisition of Lifesaving Systems Corp, a Florida-based company that specializes in the development of search and rescue equipment. The acquisition will help Signia Aerospace expand its product offerings and enhance its position as a leader in the aerospace industry.
Lifesaving Systems Corp, founded in 1980, is a well-known manufacturer of search and rescue equipment, including rescue hoists, vests, and harnesses. The company’s products are used by military and civilian customers in a variety of settings, including search and rescue operations, emergency medical services, and law enforcement.
Signia Aerospace, a portfolio company of private equity firm Enlightenment Capital, provides critical components and systems for aerospace and defense customers. The company’s products include avionics, engine components, and defense systems.
With the acquisition of Lifesaving Systems Corp, Signia Aerospace will be able to expand its product offerings to include search and rescue equipment. This will enable the company to provide a more comprehensive range of products to its aerospace and defense customers.
“We are thrilled to welcome Lifesaving Systems Corp to the Signia Aerospace family,” said the CEO of Signia Aerospace. “Their expertise in search and rescue equipment is unparalleled, and we are excited to combine their capabilities with our own to provide our customers with even more comprehensive solutions.”
The acquisition of Lifesaving Systems Corp by Signia Aerospace is expected to be completed in the first quarter of 2023. The financial terms of the deal have not been disclosed.
Overall, the acquisition of Lifesaving Systems Corp by Signia Aerospace highlights the growing importance of search and rescue equipment in the aerospace and defense industries. With the addition of Lifesaving Systems Corp’s products to its offerings, Signia Aerospace will be better positioned to meet the needs of its customers and enhance its position as a leader in the aerospace industry.
