NEW YORK, Dec. 23 (UPI) -- A Colorado provider of aviation support services to the U.S. government and military has been acquired by private equity firm J.F. Lehman and Co.
The equity company, in announcing the agreement, didn't disclose the terms of the acquisition of Doss Aviation Inc.
"Doss Aviation is an ideal fit with J.F. Lehman," said Stephen Brooks, a partner at J.F. Lehman. "Doss Aviation has strong, long-standing relationships with its customers, an outstanding workforce and a reputation for delivering exceptional customer service.
"We look forward to partnering with the management team to achieve the company's strategic goals."
Doss, with 14 locations worldwide, engages in aircraft crew training and aircraft maintenance as well as military base logistics.
"This marks the beginning of a new and exciting era for the company," said Ken Smith, president and chief executive officer of Doss Aviation. "As a firm focused on the defense and aerospace markets, J.F. Lehman will augment our team with a group of experienced investment professionals and industry experts with a proven track record of creating value by helping its portfolio companies meet their goals for growth and profitability."
