Field Aviation’s new owner Amavco is eyeing possibilities for growth both organically and through acquisition, including the addition of a new U.S. modification center. Amavco was established earlier this year to build a portfolio of aviation businesses, and Field Aviation was its first acquisition. Terms of the deal were not disclosed.
Founded in 1974 in Calgary, Alberta, Canada, Field Aviation manufactures aircraft parts and provides modification services. The company is based in Cincinnati and has a sales office in Seattle, along with production and service facilities in Calgary and Toronto. The company employs 250 workers, and its production facilities total 150,000 sq. ft.
Amavco will keep Field Aviation’s leadership team intact. Field Aviation President and CEO John Mactaggart calls the change in ownership a “great opportunity,” adding the Amavco board has a clear focus on growing the business.
Amavco plans to invest to grow the existing Canadian business, but also expand in the U.S. both organically and through follow-on acquisitions. The company says it is currently in discussions for potential acquisitions and is looking at possible sites for its first U.S. modification center.
“While we fully intend to pursue aggressive growth for our Canadian operations, we are also excited about the prospects of growth in the U.S.,” says Amavco Chairman Dan Magarian. “We are looking at suitable sites that will accommodate our needs and provide us appropriate incentives to help us fast-track plans.” The company expects to add 80-125 new jobs in the U.S. over the next several years.