AEI said Thursday Steve Bandy will continue to lead Columbia Helicopters as CEO and Nancy Lematta will maintain a “significant ownership position” as part of the deal.
Both companies expect to close the transaction later this year.
Kirk Konert, a principal at AEI, said the investment company seeks to build on Columbia Helicopters’ 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 Helicopters’ legal and financial advisers in the transaction were Tonkon Torp 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 to the public and private sectors.