PEMCO World Air Services, Inc.

Canaccord Genuity is pleased to announce that on December 30, 2016, PEMCO World Air Services, a privately held provider of outsourced heavy maintenance, repair and overhaul (MRO) aircraft services and passenger-to-freighter aircraft conversions announced its sale to Air Transport Services Group, Inc.  Canaccord Genuity acted as exclusive financial advisor to PEMCO on the transaction.  Prior to the acquisition, PEMCO was a portfolio Company of Sun Capital Partners.  

PEMCO provides best-in-class MRO services ranging from light repairs to full heavy maintenance visits on a variety of Boeing and Airbus aircraft, as well as other commercial airframes. PEMCO is also the market leader for passenger-to-freighter (“PTF”) conversions of Boeing 737-300/400 (“737 Classics”) aircraft, holding multiple supplemental type certificates for different PTF configurations. PEMCO-converted aircraft make up more than 70% of China-based B737-300 and -400 fleets in service. The company has redelivered over 50 B737-300 and B737-400 converted aircraft to Chinese operators since 2006, including the first B737-300F aircraft in China. For cargo conversion customers, PEMCO provides the very best technical solution at sensible economics to ensure operators of PEMCO freighters have sustainable market advantage.