Seabury Capital Group’s London- and New York-based Aerospace and Defense (A&D) Investment Banking teams assisted Hong Kong Aircraft Engineering Company Limited (HAECO Group), in the acquisition of Texas-based aero-engine maintenance provider, Jet Engine Solutions (JES).
The acquisition marks HAECO Group’s debut in North America’s on- and near-wing, aero-engine market, forming part of HAECO Group’s strategy to grow its Global Engine Support business and enabling the company to further strengthen its quality services to customers worldwide.
JES, founded in 2009, operates 14 engine bays from its 12,000 m² premises located in Carrollton, Texas, and is capable of storing up to 120 engines. The facilities are supported by employees with deep industry experience in providing maintenance services to a wide range of blue chip customers on most in-demand engines, such as the CFM-56 and LEAP Families. .
