AE Industrial to buy Columbia Helicopters
Summary
Columbia’s CEO Steve Bandy will remain in his role, while majority owner Nancy Lematta will retain a significant ownership position in the Company. Columbia Helicopters is a leading owner and provider of heavy-lift rotorcraft, manufacturing, and MRO services to a variety of end markets including military support, firefighting, and on-shore oil & gas. Founded in 1957 by industry pioneer Wes Lematta and based in Aurora, Oregon, Columbia holds many aviation authorizations, including a Department of Defense (DoD) Commercial Airlift Review Board (CARB) certification, which allows the Company to perform outsourced military transport, among other mission-critical operations. With AEI’s support and experience, Columbia’s commitment to safety and operational excellence and, above all else, our people—we are positioned for even greater success well into the future.” “Columbia is a clear industry leader with a storied history, offering a unique and differentiated platform, and a strong track record of best-in-class aviation services,” said Kirk Konert, a Principal at AEI. “AEI is excited to support the Company, as we believe there is a significant opportunity to build on the capabilities that Columbia has developed over the last 60 years, and expand into new markets and services.