LMI Aerospace acquires TASS

LMI Aerospace Inc., a leading provider of design engineering services and supplier of structural assemblies, kits and components to the aerospace, defense and technology markets, announced that it has acquired TASS Inc., a premier after-market engineering and support services firm. Headquartered in Kirkland, Washington, TASS delivers high-end engineering solutions to aircraft manufacturer, airlines, Maintenance, Repair and Overhaul (MRO) services companies and leasing companies worldwide. TASS has 60 employees with offices in Kirkland, WA, the United Kingdom, Australia and Sri Lanka. TASS will be managed by LMI’s D3 Technologies subsidiary, which is part of LMI’s Engineering Services segment. John Brom and Damian Horrigan, currently managers at TASS, will continue to provide management oversight of the TASS business, with emphasis on domestic and international repair and fleet management services provided to airlines, leasing companies and MRO services companies. LMI funded the purchase of TASS with internal cash. TASS is expected to generate approximately $17m in sales for full year 2012.