Vance Street Capital has acquired Associated Painters Inc., an aircraft painting company.
Spokane, Wa.-based Associated Painters specializes in painting narrow-bodied airplanes. The company will be added on to Leading Edge Aviation Services, a company Vance bought in April 2012.
Leading Edge, headquartered in Costa Mesa, Calif., paints military and commercial aircrafts. It expects the deal to expand its customer base.
Vance is a Los Angeles private equity firm that makes control investments in companies valued up to $200 million. The firm focuses on the industrial manufacturing, aerospace and defense, medical components and business services sectors. In April, the company bought a majority interest in Micronics Inc. Other portfolio companies include Process Fab Inc. and Semicoa.
O’Melveny & Myers LLP acted as legal counsel to Vance and Leading Edge. Single practitioner Brian Gosline provided Associated Painters legal advice.