M&A Deal Summary

Pemco World Air Services Acquires Alcoa-SIE Cargo Conversions

On December 16, 2009, Pemco World Air Services acquired aerospace company Alcoa-SIE Cargo Conversions from BBAM

Acquisition Highlights
  • This is Pemco World Air Services’ 1st transaction in the Aerospace sector.
  • This is Pemco World Air Services’ 1st transaction in the United States.
  • This is Pemco World Air Services’ 1st transaction in California.

M&A Deal Summary

Date 2009-12-16
Target Alcoa-SIE Cargo Conversions
Sector Aerospace
Buyer(s) Pemco World Air Services
Sellers(s) BBAM
Deal Type Divestiture

Target

Alcoa-SIE Cargo Conversions

Simi Valley, California, United States
Alcoa-SIE Cargo Conversions, LLC offers engineering services to the aerospace industry. Company 14Plus conversion package offers a simpler design that allows us to retain more of the aircraft's original structure and systems.

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Buyer(S) 1

Buyer

Pemco World Air Services

Dothan, Alabama, United States

Category Company
Founded 1957
Sector Aerospace
DESCRIPTION

Pemco World Air Services, Inc is a provider of commercial aircraft maintenance and modification services on a contract basis to the owners and operators of commercial aircraft. Its services include heavy maintenance checks, passenger-to-cargo conversions, aircraft stripping and painting, rewiring, parts fabrication and engineering support.


DEAL STATS #
Overall 1 of 1
Sector (Aerospace) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2009) 1 of 1

Seller(S) 1

SELLER

BBAM

San Francisco, California, United States

Category Company
Founded 1989
Sector Aerospace
DESCRIPTION

BBAM is a dedicated manager of leased aircraft. BBAM provides commercial aircraft leasing, financing and management for over 200 airline customers in more than 50 countries with fleet and financing solutions.


DEAL STATS #
Overall 1 of 1
Sector (Aerospace) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2009) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-06-28 Alcoa-SIE Cargo Conversions

Simi Valley, California, United States

Alcoa-SIE Cargo Conversions, LLC offers engineering services to the aerospace industry. Company 14Plus conversion package offers a simpler design that allows us to retain more of the aircraft's original structure and systems.

Buy -