April 18, 2013, Camarillo, CA – Enhancing its ability to provide “Total Support” services for U.S. manufactured legacy military platforms to its global customer base, Merex Holding Corporation (Merex) has acquired Livermore, CA-based Aircraft Logistic Support Company (ALCO). ALCO is a provider of Maintenance, Repair and Overhaul (MRO) services for auxiliary power units (APUs) and engine driven compressors (EDCs), as well as a variety of other critical components for hydraulic, pneumatic, fuel and electrical systems. For more than 20 years, ALCO has earned its reputation for providing unparalleled customer support for legacy military aircraft including: C-130, P-3, F-18, F-16, and F-15 as well as commercial aircraft including: Boeing 737, 757 and 767.
“ALCO will strengthen our ability to service our international customers.” said Andy Shams, president and CEO of Merex. “ALCO’s high-quality MRO services and technical expertise make them a great addition to the Merex team and an important element of our growth strategy.”
”We are enthusiastic about the opportunity to become part of Merex,” said Robert Cantu, president of ALCO. “Merex provides the platform and resources for ALCO to expand and grow its repair capabilities.” Cantu will continue to provide leadership in his role as president of ALCO.
Merex partnered with investment group Dubin Clark & Company for the acquisition of ALCO. Financial terms of the deal were not disclosed.
“We see the opportunity for further consolidation in the industry. The acquisition of ALCO continues our plan to offer a comprehensive range of products and services to our established customer base,” said Tom Caracciolo, managing partner at Dubin Clark & Company.
About Merex:
Founded in 1982, Merex is a premier provider of comprehensive support for U.S. manufactured legacy defense platforms including aircraft, helicopters and their respective engines. Supporting more than 35 armed forces worldwide that operate aging defense platforms, Merex’s “Total Support“ approach of providing spares/components, repair/overhaul management, and project management of systems upgrades has been instrumental in the company’s success in this growing market. Further information is available at www.merexinc.com.
About ALCO:
Founded in 1992, ALCO operates as a Maintenance, Repair and Overhaul (MRO) facility for servicing auxiliary power units (APUs), engine driven compressors (EDCs) as well as a variety of other components for hydraulic, pneumatic, fuel and electrical systems. ALCO supports military aircraft including: C-130, P-3, F-18, F-16 and F-15 as well as commercial aircraft including: 737, 757 and 767. ALCO currently maintains FAA Open Class I, II, III, Accessory and Limited Instruments Ratings. Further information is available at: www.alco.aero.
About Dubin Clark & Company:
Dubin Clark & Company is a private equity investment firm. Founded in 1984, Dubin Clark & Company. focuses exclusively on purchasing and cultivating businesses into profitable enterprises, all the time working alongside the businesses' preexisting management. The company's corporate philosophy states its desire to "maintain each company's values, independence and culture; our goal is to build on what has already been achieved." Further information is available at www.dubinclark.com.
