Erickson Air-Crane (NASDAQ:EAC) is the market leader in global aviation services. With the recent acquisition of Evergreen Helicopters, Inc. and the pending acquisition of Air Amazonia, the combined company will be able to offer customers a complete suite of airlift solutions including heavy, medium and light-lift helicopters as well as fixed-wing aircraft for both cargo and passenger transportation. On a combined basis, EAC’s worldwide operations, broad fleet of 99 rotary and fixed-wing aircraft, Federal Aviation Regulation Part 135 Aviation Operating Certificates and Commercial Airlift Review Board certifications will enable the company to provide commercial, DOD, and other government customers with a comprehensive set of capabilities with multi-mission airlift service solutions. EAC will also be able to provide MRO (maintenance, repair and overhaul) support across transport service offerings to both internal and external customers. This complete suite of airlift solutions will increase EAC’s attractiveness to customers who have complex mission requirements and multiple airlift solution needs. After giving effect to the acquisitions as if they had occurred on January 1, 2012, EAC estimates that the combined company would have had 2012 revenue and adjusted EBITDA of $441.5M and $135.1M – a huge step forward from reported revenue/EBITDA of $180M and $57.2M respectively for the pre-acquisition company.
EAC specializes in the operation and remanufacture of the Erickson S-64 Aircrane, a versatile and powerful heavy-lift helicopter. Through its Aerial Services segment, EAC owns and operates a fleet of 20 Aircranes and two support aircraft, which are used to support a wide variety of government and commercial customers worldwide across a broad range of aerial services, including firefighting, timber harvesting, infrastructure construction, and crewing. The Manufacturing/MRO segment provides aftermarket support and maintenance, repair, and overhaul services for the Aircrane (and other aircraft) and related components. EAC owns the Type and Production Certificates for the Aircrane, granting it exclusive design, manufacturing and related rights for the aircraft and OEM components. EAC is the only fully-integrated developer, manufacturer, operator, and provider of aftermarket parts and services for a precision heavy-lift helicopter platform.
The EAC/Evergreen fleet serves a wide range of customers, including significant passenger transport and airlift services for the Department of Defense and State Department. EHI’s operations span the globe, including a presence in each of North America, the Middle East, Africa, and Asia. Air Amazonia, based in Rio de Janeiro, Brazil, is HRT’s in-house airlift supplier and provider of aerial logistics support. HRT is one of the largest independent Brazilian oil exploration companies. EAC/Air Amazonia will have a three year service contract with HRT to provide ongoing aerial services to support HRT’s on-shore oil exploration efforts in the Amazon.
Erickson Air-Crane was founded in 1971 and has grown its global footprint to 1200 employees (including both acquisitions) with services and subsidiaries located in Canada (BC), Europe (Italy), Malaysia, Brazil and primary manufacturing located in Central Point, Oregon. 2012 reported revenue was just over $180M, but with the recent acquisitions and integration activities, this figure is poised to grow substantially for 2013 and beyond. Erickson Air-Crane is headquartered in Portland, Oregon.
The qualified candidate will have the following: