AAR acquires aviation Miami maintenance company
Date: Wednesday, February 27, 2008 @ 20:31:37 EST
Topic: General News
AAR Corp. said Tuesday that it has agreed to acquire Miami-based Avborne Heavy Maintenance Inc. and a related entity from closely held AHM Holding Corp.
The Wood Dale-based provider of aviation-related maintenance and services didn't disclose terms of the accord.
AAR said Avborne provides maintenance checks, aircraft modifications, new-equipment installations and painting services to commercial airlines and cargo carriers at a hangar at Miami International Airport.
The transaction is expected to close during the company's fiscal fourth quarter, which ends in May, AAR said.
AAR currently provides similar heavy-maintenance and overhaul services at company facilities Indianapolis, Oklahoma City and Hot Springs, Ark.
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