{"id":653196,"date":"2013-04-18T13:37:24","date_gmt":"2013-04-18T17:37:24","guid":{"rendered":"http:\/\/www.pehub.com\/?p=197126"},"modified":"2013-04-18T13:37:24","modified_gmt":"2013-04-18T17:37:24","slug":"merex-buys-alco","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/653196","title":{"rendered":"Merex Buys ALCO"},"content":{"rendered":"

Merex Holding Corp.<\/strong> has acquired Aircraft Logistic-support Co.<\/strong> Financial terms weren’t announced. Dubin Clark & Co.<\/strong> is also an investor. Livermore, Calif.-based ALCO provides maintenance, repair and overhaul services for auxiliary power units and engine driven compressors.<\/p>\n

PRESS RELEASE<\/p>\n

Enhancing its ability to provide \u201cTotal Support\u201d services for U.S. manufactured legacy military platforms to its global customer base, Merex Holding Corporation (Merex) has acquired Livermore, CA-based Aircraft Logistic-support Company (ALCO).\u00a0 ALCO is a provider of Maintenance, Repair and Overhaul (MRO) services for auxiliary power units (APUs) and engine driven compressors (EDCs), as well as a variety of other critical components for hydraulic, pneumatic, fuel and electrical systems.\u00a0 For more than 20 years, ALCO has earned its reputation for providing unparalleled customer support for legacy military aircraft including: C-130, P-3, F-18, F-16, and F-15 as well as commercial aircraft including: Boeing 737, 757 and 767.<\/p>\n

\u201cALCO will strengthen our ability to service our international customers.\u201d said Andy Shams, president and CEO of Merex.\u00a0 \u201cALCO\u2019s high-quality MRO services and technical expertise make them a great addition to the Merex team and an important element of our growth strategy.\u201d<\/p>\n

\u201dWe are enthusiastic about the opportunity to become part of Merex,\u201d said Robert Cantu, president of ALCO.\u00a0 \u201cMerex provides the platform and resources for ALCO to expand and grow its repair capabilities.\u201d Cantu will continue to provide leadership in his role as president of ALCO.<\/p>\n

Merex partnered with investment group Dubin Clark & Company for the acquisition of ALCO.\u00a0 Financial terms of the deal were not disclosed.<\/p>\n

\u201cWe see the opportunity for further consolidation in the industry. The acquisition of ALCO continues our plan to offer a comprehensive range of products and services to our established customer base,\u201d said Tom Caracciolo, managing partner at Dubin Clark & Company.<\/p>\n

About Merex:
\nFounded in 1982, Merex is a premier provider of comprehensive support for U.S. manufactured legacy defense platforms including aircraft, helicopters and their respective engines. Supporting more than 35 armed forces worldwide that operate aging defense platforms,\u00a0 Merex\u2019s\u00a0\u00a0 \u201cTotal Support\u201c approach of providing spares\/components,\u00a0 repair\/overhaul management, and project management of systems upgrades has been instrumental in the company\u2019s success in this growing market.\u00a0 Further information is available at www.merexinc.com.<\/p>\n

About ALCO:
\nFounded in 1992, ALCO operates as a Maintenance, Repair and Overhaul (MRO) facility for servicing auxiliary power units (APUs), engine driven compressors (EDCs) as well as a variety of other components for hydraulic, pneumatic, fuel and electrical systems. ALCO supports military aircraft including: C-130, P-3, F-18, F-16 and F-15 as well as commercial aircraft including: 737, 757 and 767.\u00a0 ALCO currently maintains FAA Open Class I, II, III, Accessory and Limited Instruments Ratings. Further information is available at: www.alco.aero.<\/p>\n

About Dubin Clark & Company:
\nDubin Clark & Company is a private equity investment firm. Founded in 1984, Dubin Clark & Company focuses exclusively on purchasing and cultivating businesses into profitable enterprises, all the time working alongside the businesses’ preexisting management. The company’s corporate philosophy states its desire to “maintain each company’s values, independence and culture; our goal is to build on what has already been achieved.”\u00a0 Further information is available at www.dubinclark.com.<\/p>\n

The post Merex Buys ALCO<\/a> appeared first on peHUB<\/a>.<\/p>\n

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<\/p>\n","protected":false},"excerpt":{"rendered":"

Merex Holding Corp. has acquired Aircraft Logistic-support Co. Financial terms weren’t announced. Dubin Clark & Co. is also an investor. Livermore, Calif.-based ALCO provides maintenance, repair and overhaul services for auxiliary power units and engine driven compressors. PRESS RELEASE Enhancing its ability to provide \u201cTotal Support\u201d services for U.S. manufactured legacy military platforms to its […]<\/p>\n","protected":false},"author":7426,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-653196","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/653196","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/7426"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=653196"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/653196\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=653196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=653196"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=653196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}