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 M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2009 M&A 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. BBAM was founded in 1989 and is based in San Francisco, California.


DEAL STATS #
Overall 1 of 1
Sector: Aerospace M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2009 M&A 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 -