Pemco's value leads to purchase by Avion after deal with VT Aerospace falls apart
Shortly after ST Aerospace decided not to acquire Pemco World Air Services, it appears the bankrupt MRO based in Tampa, Fla., found a new buyer. And that buyer, Avion Services Holdings, an affiliate of Sun Capital Partners, does not appear to be making major changes—at least for now. “We have the same management, and we have the same strategy that helped us grow this business over the last several years,” says Pemco's president, Kevin Casey. Citing the pending closure of its declining ...
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