December 9, 2014
Aviation Technical Services acquires Texas Air Composites
Aviation Technical Services (ATS) has acquired Texas Air Composites (TAC), a Domestic 145 Repair Station specializing in composite structural fabrication, support and repair for regional, commercial and military aircraft. Located in Fort Worth, Texas, TAC has an experienced team of over 100 employees and operates over 138,000 ft² of climate‐controlled facilities. TAC fits into ATS’ strategy to grow and diversify its customer base, capabilities and geographic reach. Today, ATS is principally serving commercial airlines and OEMs; TAC adds a focus on regional airline and military customers. In addition, TAC specializes in advanced composite repair on Airbus, Bombardier and Embraer fleets, while ATS provides a suite of component, engineering and airframe services on primarily Boeing product lines. Finally, the Dallas Fort Worth area is a hub for both the aerospace and aviation industries, and it is in close proximity to ATS’ new heavy airframe maintenance facility in Kansas City, Missouri. The TAC leadership team is staying in place and will continue to run the business as a subsidiary of ATS. Several partners assisted with the transaction. ATS’ financial advisors were Jefferies, LLC and AeroConsulting Partners and legal advisor was WickPhillips. TAC’s financial advisor was FBR Capital Markets and legal advisor was Baker Botts. The purchase price was not disclosed.