Two U.S.-based aftermarket companies are to merge and operate as one entity after the completion of a dual acquisition facilitated by investment advisor Mill Hill Capital.
Tag Aero, which specializes in the supply of auxiliary power units (APUs) for the aviation aftermarket and operates out of Winter Garden, Florida, will unite with APU overhaul and repair provider Unique Airmotive Services, located in Lake Wylie, South Carolina.
The parent company will be the newly formed UAS Holdings Company and will combine both facilities to operate under the TAG Aero brand. The deal was first initiated in December 2019 before being finalized in late March this year.
Tag Aero commenced operations in 2012 and has a presence in the U.S., UK and Singapore. It conducts the purchase, sale and lease of all APU models for commercial and regional aircraft. In its relatively short life, it has amassed several approvals and capabilities, notably, adding FAA and EASA Part 145 repair station certification for GTCP131-9A and GTCP131-9B APU in 2018.
Unique Airmotive Services, meanwhile, has operated since 2011 and its in-house APU capabilities include services for GTCP331-200ER, GTCP331-250H, GTCP36-150 Series, GTCP85 Series and APS2000 models.
The venture will be overseen by Myles Thomas, managing director of Tag Aero, and Roger Brochu, managing director of Unique Airmotive Services. Thomas says that despite the current climate, dominated by the novel coronavirus pandemic that has led to a global downturn, he remains bullish about the industry’s prospects post-COVID-19. “Although we are experiencing turbulent times within our industry, it’s keen to remind ourselves that operators and leasing companies will bounce back and now is the time to position ourselves for the future,” he says.
“This collaboration provides significant growth potential alongside the subsequent ability to easily and efficiently offer additional capabilities,” adds Brochu, who believes the merger will lead to better customer service offerings along with opening new possibilities for the combined entity.
While the transaction price is undisclosed, TAG Aero has confirmed that this was unaffected by the COVID-19 outbreak.
