M&A Deal Summary

HAECO Acquires TIMCO Aero

On February 7, 2014, HAECO acquired aerospace company TIMCO Aero from Monroe Capital

Acquisition Highlights
  • This is HAECO’s 1st transaction in the Aerospace sector.
  • This is HAECO’s 1st transaction in the United States.
  • This is HAECO’s 1st transaction in North Carolina.

M&A Deal Summary

Date 2014-02-07
Target TIMCO Aero
Sector Aerospace
Buyer(s) HAECO
Sellers(s) Monroe Capital
Deal Type Add-on Acquisition

Target

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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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 1 of 2
Sector (Aerospace) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (North Carolina) 1 of 1
Country (United States) 1 of 2
Year (2014) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-26 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.

Buy -

Seller(S) 1

SELLER

Monroe Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Lender
Founded 2004
PE ASSETS 14.1B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Monroe Capital is a provider of senior and junior debt and equity co-investments to middle-market companies in the US and Canada. Investment types include unitranche financings, cash flow and enterprise value based loans, asset based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments. Monroe Capital is a generalist investor and will consider companies in the healthcare, technology, media, retail, consumer sectors. Monroe Capital was formed in 2004 and is based in Chicago.


DEAL STATS #
Overall 7 of 53
Sector (Aerospace) 1 of 2
Type (Add-on Acquisition) 5 of 27
State (North Carolina) 2 of 3
Country (United States) 7 of 53
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-21 BookIt.com

Panama City, Florida, United States

BookIt.com is a privately-held online travel agency providing customers travel packages to leisure destinations in the United States, Mexico and the Caribbean. BookIt.com offers customers the ability to search for and book a broad range of travel products and services, including hotels, air travel, car rentals, cruises, travel insurance and destination services from suppliers. BookIt.com was founded in 2000 and is based in Panama City, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-10 Data Physics

San Jose, California, United States

Data Physics Corporation designs and manufactures test and measurement equipment and software for acoustic testing, machinery diagnostics, shock and drop testing, structural vibration testing, and shaker testing applications.

Buy -