Press Release

Issued by First Aviation Services.

April 30, 2026

First Aviation Services Inc. has announced a definitive agreement to be acquired by AMETEK, Inc. First Aviation Services is a leader in component maintenance, repair and overhaul (MRO) serving the military, corporate and airline markets. AMETEK is a leading global provider of differentiated electronic instruments and electromechanical devices.

Headquartered in Westport, Connecticut, First Aviation Services is a leading provider of aircraft parts manufacturing, component repair and overhaul, and rotables management to the aviation industry worldwide. First Aviation’s principal operating subsidiaries are: Aerospace Turbine Rotables, Inc., Associated Aircraft Manufacturing & Sales, Inc., Aviation Blade Services, Inc., Evōlution Aerospace, Inc., Master Support, Inc., Heliblade International, LLC, RealLock and Piedmont Propulsion Systems, LLC. Together, the companies repair and overhaul aircraft landing gear systems, helicopter rotor blades, actuation systems, structures, IFF systems, lighting, power supplies, oxygen and fire suppression systems, hydrostatic testing, crew masks, and all Dowty,

Hamilton, Hartzell and McCauley propellers.

The First Aviation companies will continue to operate under the leadership of Paul Bolton, president and COO. First Aviation will be a business within the North American business unit of AMETEK's MRO division. Mr. Bolton said “AMETEK is an outstanding company with a strong track record of performance. It understands our industry and brings important resources to support First Aviation's continued growth.”

“First Aviation is a strong strategic fit with our MRO platform, providing attractive market expansion opportunities and broadening the scope of our component MRO services," said David A. Zapico, AMETEK chairman and chief executive officer. “Its proprietary products and services further broaden our differentiated products serving mission critical applications. We look forward to leveraging our respective operating, engineering and distribution strengths to continue to grow our combined capabilities.”

Aaron Hollander, co-founder, chairman and CEO shared with his colleagues at First Aviation Services, “I am truly grateful to have worked with such an incredible team over the past 30 years. I am extremely optimistic about the future of First Aviation, the opportunities this transaction will provide to my colleagues and the contribution the company will continue to make to our industry.” Mr. Hollander will serve as chairman of First Equity Group Inc. post-closing.

The transaction is subject to customary closing conditions, including applicable regulatory approvals. Jefferies Group LLC acted as financial advisor to First Aviation Services, Inc. Day Pitney LLP represented the company as legal counsel.