AE Materials Group acquires The Aircraft Group

AE Industrial Partners, a private equity investor in aerospace, power generation and specialty industrial companies, released that its wholly owned AE Materials Group (AEMG) has acquired The Aircraft Group (TAG). TAG is a leading provider of aircraft consulting services for the purchase, sale or leasing of commercial aircraft as well as fleet asset management. Terms of the transaction were not disclosed. Founded in 1990 by Walter Andrushenko, TAG assists clients with the financial, technical and documentation requirements associated with buying, selling and leasing commercial aircraft. TAG’s core services include engine inspections, technical analysis, aircraft import/export services, lease returns, certification, and economic evaluations. TAG also has unique asset management capabilities through its TAG Fleet Online technology.