AAR CORP acquired Reebaire Aircraft, Inc. for Approximately $11.8 million (cash), a transaction completed in January 2007, structured as all cash. The deal was a Asset purchase.
Reebaire Aircraft, Inc. operates in Maintenance, Repair and Overhaul, is based in Hot Springs, Arkansas, USA. AAR acquired substantially all of the assets of Reebaire Aircraft, Inc., a regional airframe maintenance, repair and overhaul facility in Hot Springs, Arkansas. The purchase added regional airframe MRO capacity to AAR's North American maintenance network.
The acquisition increased AAR's regional maintenance, repair and overhaul capacity in North America.
Maintenance, Repair and Overhaul segment
On January 12, 2007, we acquired substantially all of the assets of Reebaire Aircraft, Inc. ('Reebaire'), a regional airframe maintenance, repair and overhaul facility located in Hot Springs, Arkansas. This acquisition increases our regional maintenance, repair and overhaul capacity in North America. The purchase price was $11,800 and was paid in cash.AAR CORP. FY2008 Form 10-K, Note 7 Acquisitions
Advisory firms were not disclosed for this transaction.