Three Southeast aviation services companies - Piedmont Aviation Services, Inc., Hawthorne Aviation and American Beechcraft - have merged into a single entity, forming a company with annual revenues of more than $170 million and 1,200 employees. The Carlyle Group, a Washington, D.C.- based merchant banking firm that has invested in a number of aerospace companies, is financing the merger and will become the majority stockholder of the new company, Piedmont Hawthorne Aviation. Terms ...

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