Wednesday, August 8, 2012
LMI Aerospace Acquires TASS Inc.
LMI Aerospace Inc. said it has acquired TASS Inc., a Washington-based aftermarket engineering and support services firm.
LMI funded the purchase with internal cash and did not disclose the financial terms of the acquisition. D3 Technologies--an LMI subsidiary based in San Diego--will manage TASS going forward.
“The addition of TASS provides LMI Aerospace with a global presence in the rapidly growing aftermarket engineering arena and builds on our long and successful history with Boeing products,” said Ronald S. Saks, CEO of LMI. “The company's expertise in aircraft repairs, modifications and airline fleet management services seamlessly complements the proven structural design and analysis capabilities of our Engineering Services segment. The TASS workforce brings a high level of technical expertise and customer service that integrates well with LMI's culture.”