Field Aviation Company has been acquired by privately held U.S. company, Amavco, from Fieldâ€™s parent firm, Hunting PLC. Established in 1947 in Calgary, Alta, Field Aviation is an international aircraft modification and parts manufacturing company with locations in Toronto, Calgary, Seattle and Cincinnati. The company's products and services are organized around various aviation specialties including: aircraft modification, parts manufacturing, interior modifications and upgrades, avionics service and installation, as well as aircraft sales and leasing. Field Aviation operates from two Canadian production facilities totaling 150,000 square feet, and also has two U.S. offices with its corporate headquarters in Cincinnati, Ohio, and its U.S. West sales office in Seattle, Washington. Field Aviation employs over 260 highly skilled staff across its entire operations.
John Mactaggart, president and CEO of Field Aviation said: "I see this change in ownership as a great opportunity for us all at Field Aviation. With a clear focus from the Amavco board on growing our aviation business, I am very much looking forward to continuing to work with all our dedicated staff, customers and suppliers and continuing to build on the great name of Field Aviation in the coming years.â€
The acquisition of Field Aviation will allow Amavco to begin executing its growth strategy in the aviation services sector. Amavco will retain Fieldâ€™s current senior management following the completion of the acquisition, and will continue to invest in Fieldâ€™s Canadian operations to drive business improvements, which will benefit both customers and employees. Amavco plans to expand into the U.S. through organic growth and follow-on acquisitions. The company is currently in discussions with several potential acquisition targets and is also in the early stages of identifying possible sites for its first U.S. modification center.
Commenting on Amavcoâ€™s plans for expansion in the future, chairman, Dan Magarian, said, â€œWhile we fully intend to pursue aggressive growth for our Canadian Operations, we are also excited about the prospects of growth in the U.S. We are looking at suitable sites that will accommodate our needs and provide us appropriate incentives to help us fast-track plans. We expect to add 80-125 new jobs within the first several years of operations in the U.S.â€
Field Aviation is internationally recognized as a leader in the design, engineering, integration and delivery of aircraft and systems for specialized roles and applications worldwide.
The first Canadian passenger jet (second in the world after the British), the Avro Canada Jetliner, was flown in1949. Despite its advanced design, it never saw production and was later sold for scrap. www.canadiangeographic.ca