AE Industrial Partners, LLC said its wholly owned AE Materials Group has acquired The Aircraft Group.
TAG is a leading 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.
Buckingham, Doolittle & Burroughs, LLC served as legal advisor and Alvarez & Marsal served as financial advisor to AE Industrial Partners.
Founded in 1990, and based in Phoenix, AZ, The Aircraft Group has a worldwide reputation for excellence in commercial aviation asset and transaction management. TAG is a leading provider of aircraft consulting services related to the purchase, sale or leasing of all types of commercial aircraft.
AE Materials Group is a full-service aerospace aftermarket business focused on providing new parts, surplus material, repair and overhaul and other technical services to airlines, MROs and lessors. AE Materials Group has significant capital dedicated to its platform from AE Industrial Partners Fund I L.P.
AE Industrial Partners, LLC is a private equity firm in the aerospace, power generation and specialty industrial sectors, focusing on highly technical manufacturing, distribution and supply chain management, MRO (maintenance, repair and overhaul) and industrial service-based businesses. AE Industrial´s team includes partners with C-suite operating experience in organizations such as GE, Gulfstream Aerospace, Power Systems Manufacturing, Hawker Beechcraft, Landmark Aviation, Bombardier, IDEX, Aviall, B/E Aerospace, NetJets, and Grand Prairie.