CSI Leasing acquires Aeroservicios to boost GSE

CSI Leasing, Inc. (CSI), an independent equipment leasing company, has announced the acquisition of a majority stake in Aeroservicios, a provider of ground support equipment (GSE) for nearly 30 years.

Based in Miami, Aeroservicios specialises in reconditioning and overhauling used GSE to a near-new standard, as well as selling, hiring and leasing a wide range of new and used GSE and parts from leading manufacturers. Its equipment includes baggage carts and tractors, loaders, catering trucks, dollies, forklifts, lavatory carts, stairs, tow bars, utility vehicles and more. Aeroservicios USA, Inc. was founded in 1996 by Gabriel Serrano and his father. Serrano will continue in his role as Chief Executive Officer.

Alongside managing pre-owned GSE, Aeroservicios will also refurbish and remarket CSI’s off-lease equipment. Through this partnership, CSI and Aeroservicios will deliver high-quality GSE with flexible financing options to ground handling companies, commercial and cargo airlines, and other industry specialists.

The company currently operates two full workshops and a storage yard in Miami covering a total of 579,600 ft², together with a 19,000 ft² workshop in Guatemala.

“CSI has been leasing new and used GSE for nearly ten years. Aeroservicios’ robust refurbishing experience and vast understanding of the GSE market will allow CSI to offer more competitive lease pricing and additional services to its customers,” said Steve Hamilton, chairman and CEO of CSI Leasing. “Under Gabriel’s leadership, Aeroservicios has built an exceptional reputation throughout the industry, and this combination will greatly enhance CSI’s strategy in the GSE market.”

Gabriel Serrano, founder of Aeroservicios, expressed his enthusiasm about the company joining the CSI group and its expanding team. “Aeroservicios’ GSE experience, combined with CSI’s leasing and financing expertise will give customers a one-stop GSE solution,” said Gabriel Serrano, founder of Aeroservicios. “Our services align very well and will be an excellent benefit to our new and existing customers.”