Amavco, Inc., (“Amavco”), a privately held U.S. Company, today announces completion of the acquisition of Field Aviation Company Inc. (“Field Aviation”) from Hunting, PLC, effective April 27, 2012.
Established in 1947 in Calgary, Alberta, Field Aviation is an international Aircraft Modification and Parts Manufacturing company with locations in Toronto, Ontario and Calgary, Alberta as well as Seattle, Washington and Cincinnati, Ohio in the United States. The company's products and services are organized around various aviation specialties, including, aircraft modification, parts manufacturing, interior modifications and upgrades, avionics service and installation as well as aircraft sales and leasing. Field Aviation operates from two production facilities totaling 150,000 square feet. Field Aviation also has two offices in the United States, its corporate headquarters in Cincinnati, Ohio and its U.S. West sales office located in Seattle, Washington. Field Aviation employs over 260 highly skilled staff across its operations.
Commenting on the acquisition, John Mactaggart, President and CEO of Field Aviation said: "Field Aviation has a long-standing and well regarded history in the aviation sector worldwide. Amavco was established with a single purpose to acquire and build companies in the aviation sector. I see this change in ownership as a great opportunity for us all at Field Aviation. With a clear focus from the Amavco board on growing our aviation business, I am very much looking forward to continuing to work with all our dedicated staff, customers and suppliers and continuing to build on the great name of Field Aviation in the coming years.”
The acquisition of Field Aviation will allow Amavco to begin executing on its strategy of growth in the aviation services sector. Amavco will retain the current senior management of Field Aviation following the completion of the acquisition and will continue to invest in the Canadian operations driving business improvements for the benefit of customers and employees. Amavco is also planning to expand into the United States through organic growth or follow-on acquisitions. The company is currently in discussions with several potential acquisition targets and is also in early stages of identifying possible sites for its first U.S. Modification Center.
Commenting on its plans for expansion in the future, Dan Magarian, Chairman...