AEIÂ said Thursday Steve Bandy will continue to lead Columbia Helicopters as CEO and Nancy Lematta will maintain a âsignificant ownership positionâ as part of the deal.
Both companies expectÂ to close the transaction later this year.
Kirk Konert, a principal at AEI, said the investment company seeks to build on Columbia Helicoptersâ six decades of aviation services experience and expand offerings into new markets.
Kirkland & Ellis acted as legal adviser to AEI while Rothschild & Co. and PwC served as its financial advisers. Columbia HelicoptersâÂ legal and financial advisers in the transaction were Tonkon TorpÂ and Greenhill & Co., respectively.
Columbia Helicopters is headquartered in Aurora, Ore., and has a fleet of helicopters built to transport cargo and passengers. The company also provides maintenance, repair, overhaul and life cycle support services toÂ the public and private sectors.