First Aviation Services has Completed a Going Private Transaction

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First Aviation Services has Completed a Going Private Transaction 2017-04-26T19:51:09+00:00

Project Description

First Aviation Services, Inc. (Ticker Symbol: FAVS)., a publicly traded provider of maintenance, repair, overhaul, rotables and engineering services for the global aviation industry, has completed a reverse split of its Common A stock in a going private transaction.

FAvS is a leading provider of aircraft maintenance, repair and overhaul (“MRO”) services, and operates through two principal subsidiary companies: Aerospace Turbine Rotables (“AeTR”), a FAA certified repair station for general aviation aircraft, and Piedmont Propulsion Systems (“PPS”), a MRO provider for commercial, regional, corporate and general aviation aircraft.

Philpott Ball & Werner, LLC served as financial advisor to the FAVS Board of Directors and provided the fairness opinion for the transaction.