H.I.G. Capital reported that its portfolio company, Rotorcraft Leasing Company, has completed the previously announced acquisition of the production management flight services business of Bristow Group. The production management flight services business uses over 50 aircraft to provide helicopter transportation services to providers of management services and outsourced personnel to oil and gas companies in the Gulf of Mexico. The acquisition included 53 helicopters, related inventory, spare parts, offshore fuel equipment and two operational bases in Louisiana and Texas. Rotorcraft now operates mission-critical transportation services for customers throughout the Gulf of Mexico, utilizing its world-class fleet of more than 150 aircraft operating from a network of twelve operating bases strategically located along the coastal regions of Texas, Louisiana, Alabama and Florida.
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Rotorcraft completes acquisition of Bristow's production management business
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