Hong Kong-based HAECO has acquired Dallas-based aero-engine maintenance provider Jet Engine Solutions (JES) LLC, marking HAECO´s entry into North America´s on- and near-wing, aero-engine market, the company said.
New York investment banking firm Seabury Capital Group´s aerospace and defense investment banking teams assisted Hong Kong Aircraft Engineering company Ltd. in the transaction.
The acquisition forms part of HAECO Group´s strategy to grow its Global Engine Support business and enables the company to further strengthen its quality services to customers worldwide.
JES, founded in 2009, operates 14 engine bays from its 12,000 m2 premises located in Carrollton, Texas, and is capable of storing up to 120 engines.
The HAECO Group is an aircraft engineering and maintenance service provider.
Seabury Capital Group LLC operates a number of specialty finance, investment banking, technology, and software companies with a core focus anchored in aviation, aerospace and defense, maritime, and financial services and technology.