AEROREPAIR CORP ANNOUNCES THE ACQUISITION OF THE WHEEL & BRAKE DIVISION OF AVIANOR, INC. OF MONTREAL, CANADA
ACQUISITION ENHANCES CAPABILITIES AND GEOGRAPHIC REACH OF AEROREPAIR CORP.
Londonderry, New Hampshire October 2015: Aero 3, Inc. together with its wholly owned subsidiary, AeroRepair Corp, (“Company”), announced today the acquisition of the Wheel & Brake Division of Avianor, Inc. (“Avianor W&B”). The transaction marks the second add-on acquisition for Aero 3 in 2015. In August, the Company announced the acquisition of Griffin, Georgia based Accessory Overhaul Group (“AOG”).
Aero 3 is a holding company formed in 2012 to acquire AeroRepair Corp. (“AeroRepair”) and Hemico, Inc. (“Hemico”), sister companies headquartered in Londonderry, New Hampshire with a second facility in Indianapolis, Indiana. AeroRepair is a Federal Aviation Administration (“FAA”) and European Aviation Safety Agency (“EASA”) certified 145 repair station and machine shop that specializes in the repair and overhaul of aircraft brakes, wheel assemblies and landing gear. The operations of the recently acquired AOG have been integrated into Aero 3 and the business will be rebranded as AeroRepair. Hemico manufactures replacement or modified aircraft parts under an FAA Parts Manufacturer Approval (“PMA”) certification.
Based in Montreal, Canada with an additional facility in Calgary, Alberta, Avianor W&B is the second largest independent wheel and brake maintenance facility in Canada, with capacity to overhaul over 10,000 units per year. Avianor W&B is a Transport Canada, Approved Maintenance Organization that specializes in the repair and overhaul of aircraft brakes and wheel assemblies. Avianor W&B serves similar markets as AeroRepair but also performs repair and overhaul services for Boeing and Airbus aircraft. This will provide Aero 3 access to the growing market for narrow and wide body aircraft. Over the next several months, Avianor W&B will be integrated into Aero 3 and rebranded AeroRepair Canada.
Commenting on the acquisition, Daniel M. Bell, CEO of Aero 3, stated, “Through this acquisition, Aero 3 will grow from four to six strategically located facilities and will expand its aircraft and accessory repair and overhaul capabilities. Importantly, by adding facilities in Montreal and Calgary, we will truly be a “one-stop shop” with national coverage for customers throughout the United States and Canada.”
The President and owner of Avianor, Sylvain Savard, added “this is the right move for both Companies as the marketplace demands greater localization and logistics support for the services we provide. We were impressed with the reputation and vision of Aero 3 and their commitment to their employees and customer base. We look forward to insuring a smooth transition and participating in their exciting growth plans.”
For additional information please contact Glenn MacDonald at (678) 692-2001 or via email at email@example.com.