M&A Deal Summary

Limco-Piedmont Acquires Piedmont Aviation Services

On May 25, 2005, Limco-Piedmont acquired aerospace company Piedmont Aviation Services from The Carlyle Group

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

M&A Deal Summary
Date 2005-05-25
Target Piedmont Aviation Services
Sector Aerospace
Buyer(s) Limco-Piedmont
Sellers(s) The Carlyle Group
Deal Type Add-on Acquisition

Target

Piedmont Aviation Services

Winston-Salem, North Carolina, United States
Piedmont Aviation Services, Inc. operates five full service general aviation facilities supporting corporate, business charter and individual aviation markets. Operations also include maintenance and overhaul, aircraft sales, charter services and flight training.

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Buyer(S) 1

Buyer

Limco-Piedmont

Tulsa, Oklahoma, United States
Category Company
Sector Aerospace
DESCRIPTION

Limco-Piedmont, Inc. provides maintenance and repair services to aerospace industry.

DEAL STATS #
Overall 1 of 1
Sector (Aerospace) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 1 of 1
Year (2005) 1 of 1

Seller(S) 1

SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.

DEAL STATS #
Overall 56 of 480
Sector (Aerospace) 3 of 14
Type (Add-on Acquisition) 31 of 197
State (North Carolina) 3 of 11
Country (United States) 41 of 259
Year (2005) 8 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-05-22 Bredbandsbolaget AB

Stockholm, Sweden

Bredbandsbolaget AB was a broadband communications company.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-27 United Defense Industries

Arlington, Virginia, United States

United Defense Industries, Inc. was a leader in the design, development and production of combat vehicles, artillery, naval guns, missile launchers and precision munitions.

Sell $4.2B
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