The shareholders of British International Helicopter Services (BIH) have sold the company to Patriot Aerospace Group (Patriot), part of the Rigby Group, owned by Sir Peter Rigby. Financial terms of this transaction have not been disclosed.
BIH is an operator of medium and large helicopters with particular emphasis on offshore operations and in the defense sector. For more than a decade the company has operated the Flag Officer Sea Training (FOST) helicopter support program to provide services to the Royal Navy.
This transaction has made Patriot the largest British-owned helicopter company in the UK with operations spanning national flight training, charter, sales and engineering operations. BIH's acquisition supports Patriot’s strategy of expanding into commercial markets.
Oaklins Smith & Williamson, based in the UK, acted as corporate finance advisor to the seller in this transaction.
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