French aerospace conglomerate Zodiac Aerospace has acquired Kirkland-based Greenpoint Technologies, which supplies custom interiors for ultra-luxurious private jets.
Zodiac announced the deal Thursday without disclosing its financial terms.
Greenpoint designs and installs VIP cabin interiors for widebody aircraft and high-end business jets, including the private airliners used by corporate titans and heads of state.
The interiors are installed at various facilities, including one owned by Greenpoint in Denton, Texas, which also does heavy maintenance and overhaul of business jet and VIP aircraft.
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The company employs 450 people and has annual revenues of around $150 million.
On Boeing jets, it has completed VIP and head-of-state interiors for 21 737-based aircraft and one private 747-8.
It developed such luxuries as the Aerolift, an elevator that descends from the belly of a 747-8 jumbo jet down to the tarmac to whisk a wealthy owner inside without the indignity of having to climb any stairs.
Zodiac Aerospace, headquartered in Paris, is one of the world’s leading providers of regular airliner interiors, including design and manufacturing of galleys, seats, lavatories and lighting.
Through acquisitions, Zodiac has grown rapidly worldwide, including a significant presence in Washington state.
Locally, it has previously acquired a cabin-interiors facility in Bellingham (HeathTecna); interiors and structural composites units in Marysville and in Newport (C&D Zodiac); an engineering-services unit specializing in interior reconfigurations and other modifications (Zodiac Northwest Aerospace Technologies); an airplane waste and water systems unit in Everett; and an aircraft-lighting firm in Redmond (IDD).
With Thursday’s deal, Zodiac also acquires Greenpoint’s 5 percent minority ownership stake in Everett-based aircraft maintenance and repair company Aviation Technical Services, ATS.
Matt Yerbic, ATS chief executive, said his firm has done work for Greenpoint for 17 years and has several projects for the company in the pipeline.
He said that because Zodiac is such a big player in the aviation world, he hopes the acquisition may bring more work.
Michel Merluzeau, a Kirkland-based aviation consultant with G2 Solutions, said the luxury private jet sector is “a growing market with sustained demand” from customers in the Middle East and Asia.
“It’s a really strong move by Zodiac,” he said.
Dominic Gates: (206) 464-2963 or firstname.lastname@example.org