Latest AE Materials News
Mar 1, 2016
Tue, 01/03/2016 - 09:19 Acquisitions AE Industrial Partners’s (AEI)wholly owned AE Materials Group (AEMG) has acquired The Aircraft Group (TAG), a provider of aircraft consulting services for the purchase, sale or leasing of commercial aircraft as well as fleet asset management. Terms of the transaction were not disclosed. Founded in 1990 by Walter Andrushenko, TAG assists clients with the financial, technical and documentation requirements associated with buying, selling and leasing commercial aircraft. TAG’s core services include engine inspections, technical analysis, aircraft import/export services, lease returns, certification, and economic evaluations. TAG also has unique asset management capabilities through its TAG Fleet Online technology. “Over the last 25 years, TAG has built an exceptional reputation advising owners of aircraft assets through the technical capability of its team,” says Jeff Lund, CEO, AE Materials Group. “We are extremely excited to partner with Wally, Wade and the rest of The Aircraft Group team to expand our service capabilities to our customer base.” “AEMG is a perfect fit for us, and will enable TAG to broaden its suite of services and increase its market presence,” says Andrushenko. “The timing is right for our company to move forward with AEMG, especially with the growing demand for our array of services from the global aircraft industry.” “With AEMG, we believe we have significant resources to expand our existing client relationships and enhance our services,” said Wade Walker, President, The Aircraft Group. “AEMG will accelerate our ability to bring our unique set of technical capabilities to the market.” Buckingham, Doolittle & Burroughs, LLC served as legal advisor and Alvarez & Marsal served as financial advisor to AE Industrial Partners.