Air T, Inc. Acquires Contrail Aviation Support, Inc.
July 25, 2016
Air T, Inc. (NASDAQ: AIRT) completed an asset purchase of Contrail Aviation Support, Inc., a Verona, Wisconsin-based supplier of surplus and aftermarket commercial jet engine components. The business was acquired by a newly formed Air T subsidiary (New Contrail), with Joseph Kuhn appointed CEO and all Contrail employees retained to continue operations in Verona.
- Buyers
- Air T, Inc., Contrail Aviation Support, LLC (New Contrail)
- Targets
- Contrail Aviation Support, Inc.
- Sellers
- Contrail Aviation Support, Inc., Joseph Kuhn
- Industry
- Aerospace & Defense
- Location
- Wisconsin, United States
- Transaction Type
- Buyout
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