Private equity group Weinberg Capital and its portfolio Company Aero 3 have completed the acquisition of Accessory Overhaul Group (AOG).

Aero 3 was initially formed in 2012 in order to buy AeroRepair and Hemico.

AOG is a Federal Aviation Administration (FAA) and European Aviation Safety Agency (EASA) certified 145 repair station with Accessory Class 1, 2 and 3 ratings.

The firm specialises in repairing and overhauling aircraft brakes and wheel assemblies, as well as mending starter generators, batteries, oxygen canisters, and related aircraft components.

AOG’s services are similar to that of AeroRepair; however, the group also serves Boeing and Airbus.

"Our enhanced presence and ‘one-stop shop’ approach will make us an even more attractive solution for our customers’ maintenance needs."

By acquiring AOG, Aero 3 will enter into the growing market for narrow and wide-bodied aircraft.

Aero 3 will integrate AOG into its operations over the following months and rebrand it as AeroRepair.

Aero 3 CEO Daniel M Bell said: "Through this acquisition, Aero 3 will go from two to four strategically located facilities throughout the US, and will expand our aircraft and accessory repair and overhaul capabilities.

"Together with our logistics expertise, AeroRepair will be positioned to provide our best-in-class services to the largest metropolitan areas where the majority of aircraft maintenance bases are located.

"Our enhanced presence and ‘one-stop shop’ approach will make us an even more attractive solution for our customers’ maintenance needs."

Weinberg Capital Group managing director and principal Ronald E (Chip) Weinberg Jr said: "The acquisition announced today represents a further extension of the maintenance capabilities of Aero 3.

"It will provide a host of new customers, increased services and aircraft models and geographic opportunities for the company.

"We look forward to integrating the businesses as we continue to build Aero 3 into a globally recognised leader in aircraft maintenance."