LifePort Acquires PAC Seating to Enhance Aerospace Interiors and Dynamic Seating Solutions

LifePort Strengthens Aerospace Leadership

LifePort, LLC, a proud member of Tower Arch Capital's portfolio, has made headlines with its recent acquisition of PAC Seating Systems, LLC. With this strategic move, LifePort is poised to elevate its position within the aerospace interiors sector, particularly catering to the luxurious demands of business jets and VIP aircraft.

Founded in 2002, PAC Seating is recognized for its high-quality, engineered seating solutions tailored for the business jet market. Based in Palm City, Florida, the company has cultivated a strong reputation for providing customized seating that aligns with the industry's elite standards. Following the acquisition, PAC Seating will operate as a wholly owned subsidiary of LifePort, allowing for seamless integration while maintaining its operational leadership through its founders, Jad Azzi and Hector Marini.

Noah Zuckerman, CEO of LifePort, expressed enthusiasm about welcoming PAC Seating into the organization. He stated, “Our shared values and cultures have long been aligned around innovation and customer focus, greatly simplifying the integration process.” This synergy between the two companies is expected to enhance the customer experience, providing them with an expanded range of advanced solutions tailored to diverse aircraft needs from head of state missions to executive transport.

The acquisition signifies more than just a merger of two companies; it represents a strategic effort to streamline operations for customers seeking comprehensive aerospace solutions. LifePort's commitment to excellence in design and engineering will now be complemented by PAC Seating's established expertise in custom seating, thereby creating a robust offering across multiple platforms, including narrow and wide-body aircraft.

Tower Arch Capital, which formed a partnership with LifePort back in March 2021, has played a crucial role in facilitating this acquisition. Ryan Stratton, a partner at Tower Arch, remarked on the compatibility of PAC Seating as an excellent addition to LifePort's portfolio, emphasizing the immense value that PAC Seating has created through its tailored product offerings. This acquisition will not only leverage the strengths of both companies but will also cater to the evolving demands of the VIP aviation market.

Moreover, customers of PAC Seating can look forward to enhanced service levels as they now gain access to LifePort's extensive resources. LifePort has long been dedicated to delivering safe, mission-critical products and services, and this acquisition will only further fortify that commitment.

LifePort possesses over 35 years of experience in aerospace solutions, bringing forth a diverse portfolio encompassing ballistic protection systems, air medical systems, and advanced materials. The recent acquisition speaks volumes about LifePort's aggressive growth strategy and its aim to cater comprehensively to the aerospace industry's discerning clientele.

While specific terms of the deal have not been publicly disclosed, financing for the acquisition has been secured through Truist Bank, indicating strong financial backing for this expansion. Advisors linked to the transaction include prominent firms Gibson, Dunn & Crutcher LLP and BDO USA, LLP.

In conclusion, the acquisition of PAC Seating by LifePort marks a significant milestone in the aerospace interiors market. Combining the strengths and expertise of these two industry leaders, LifePort is set to redefine standards of luxury and customization in the aerospace seating sector while continuing its mission of delivering innovative solutions that prioritize customer needs and safety.