M&A Deal Summary

HAECO Acquires Jet Engine Solutions

On March 26, 2020, HAECO acquired aerospace company Jet Engine Solutions

Acquisition Highlights
  • This is HAECO’s 2nd transaction in the Aerospace sector.
  • This is HAECO’s 2nd transaction in the United States.
  • This is HAECO’s 1st transaction in Texas.

M&A Deal Summary
Date 2020-03-26
Target Jet Engine Solutions
Sector Aerospace
Buyer(s) HAECO
Deal Type Add-on Acquisition

Target

Jet Engine Solutions

Carrollton, Texas, United States
Jet Engine Solutions LLC is focused on developing tailored, turnkey solutions to the lease, finance, and airline industries, developing capabilities as on GE, CFM, and P&W engine types from sunset programs to the latest generation Geared Turbo Fans and LEAP engines. JES’s services cover all aspects including consulting, fleet and records management, repair station services and engine storage. Jet Engine Solutions was founded in 2009 and is based in Carrollton, Texas.

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Buyer(S) 1

Buyer

HAECO

Hong Kong, China
Category Company
Founded 1950
Sector Aerospace
DESCRIPTION

HAECO is an aircraft engineering and maintenance service provider. The Group provides a comprehensive range of services encompassing airframe services, line services, cabin solutions, private jet solutions, fleet technical management, inventory technical management, component overhaul, aerostructure repairs, landing gear services, engine services, global engine support, parts manufacturing, and technical training. HAECO was founded in 1950 and is based in Hong Kong, China.

DEAL STATS #
Overall 2 of 2
Sector (Aerospace) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Texas) 1 of 1
Country (United States) 2 of 2
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-07 TIMCO Aero

Greensboro, North Carolina, United States

TIMCO Aero is a provider of aviation maintenance, repair and overhaul (MR&O) services for major commercial airlines, regional air carriers, aircraft leasing companies, government and military units and air cargo carriers. TIMCO Aero was founded in 1990 and is based in Greensboro, North Carolina.

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