A Cincinnati-based aircraft manufacturer has purchased another company.
Field Aviation Inc., a wholly owned subsidiary of Field Aerospace, has completed the acquisition of ARINC Aerospace Systems Engineering and Support from Rockwell Collins.
ASES provides aircraft modification and maintenance services as well as logistical and sustainment capabilities for the Department of Defense, government, commercial, business and private customers. It will now operate as Field Aviation.
Financial terms of the deal weren’t disclosed.
Field Aviation ranks at No. 141 on the Courier’s list of largest private companies, with revenue of about $65 million.
The acquisition brings Field to more than 500 North American employees with more than 350,000 square feet of hangar space and production facilities. Before the acquisition, Field employed about 300.
ASES focuses on larger airframes, while Field has focused on regional aircraft. The two companies will benefit from their respective specialties being merged.
“The acquisition of ASES is an effective complement to our Canadian modification operations,” said Field president and CEO John Mactaggart. “When we purchased Field Aviation in 2012, we wanted to use the company as a launching point for further acquisitions, particularly in the United States. Today marks the first such purchase. The combined capability will allow Field to expand its product offerings from a small turboprop all the way up to the largest of jet aircraft.”
Field chairman Dan Magarian said the acquisition will aid Field in its U.S. expansion while supporting its current operations and strategic growth plans.
Cincinnati-based Field is a build-to-print manufacturer that specializes in the production of parts and assemblies for the international aerospace industry. It operates hangars at Will Rogers World Airport in Oklahoma City, Okla., and Toronto Pearson International Airport as well as an aerospace parts manufacturing facility in Calary, Alberta, Canada. It signed a contract to modify and integrate aircraft for Boeing’s Maritime Surveillance Aircraft Programin late 2013.