Safran [EPA:SAF], a French aerospace engine manufacturer, is in the middle of a sale process for some of its North American actuation facilities, said four sources familiar with the matter.

The divests are aimed at accelerating regulatory approval for Safran’s acquisition of Collins Aerospace‘s actuation and flight control business, two of the sources said. In the July 2023 announcement of the deal, Safran said the transaction is subject to customary regulatory approvals and closing conditions. Closing is expected to take place in the course of H2 2024, the press release said.

Evercore is advising on the sale of the assets, the four sources said. A sector lawyer said the disposals are likely aimed at addressing potential competition issues by regulators in North America.

Safran agreed to acquire Collins Aerospace’s actuation and flight control business for USD 1.8bn last year from Collins Aerospace, a unit of RTX Corporation [NYSE:RTX]. Evercore is also advising Safran on that transaction, first announced in July 2023.

The North American facilities being sold generate USD 30m to USD 35m in EBITDA, the four sources said. The process is in the second round, they added.

Two of the sources said private equity firms are the main parties showing interest. One of the sources said aerospace company Curtiss-Wright [NYSE:CW] could also make sense as a buyer. The facilities consist of actuators and pilot controls for aircraft.

Safran and RTX Corporation declined to comment. Evercore did not return requests for comment.