EUGENE, Oregon – The Papé Group, Inc. has entered into an asset purchase agreement for the fixed based operations (FBOs) of Flightcraft, Inc. to Atlantic Aviation.
Flightcraft, which was acquired by The Papé Group in 1989, will continue to conduct business as usual from its two locations in Oregon, at the Portland International Airport and the Eugene Airport, while Atlantic completes the due diligence process. The transaction is expected to close by the end of August.
“We are extremely excited about this opportunity,” said Dan Hollingshead, President and Chief Executive Officer for The Papé Group. “Atlantic Aviation is a nationally recognized and well respected company within the aviation industry. We are confident Atlantic will continue to provide the highest level of customer service to the aviation communities utilizing these two Pacific Northwest airports,” added Hollingshead.
About The Papé Group, Inc.
Headquartered in Eugene, Oregon, The Papé Group is a holding company for capital equipment dealerships throughout the West. The businesses of The Papé Group sell and service the premier brands of equipment to the construction, forestry, on highway trucking, warehousing, agricultural and materials handling industries. The companies within The Papé Group include Papé Material Handling, Inc., Bobcat West, Papé Motive Power, Ditch Witch Northwest, Engineered Products, Papé Truck Leasing, Papé Rents, Papé Kenworth and Papé Machinery, Inc. The operations serve seven western states – from Alaska to California. The cornerstone of all Papé Group operations since the first dealership was founded in 1938 has been their commitment to providing high quality products backed by consistent, high quality customer service wherever and whenever needed. For more information about The Papé Group, visit www.pape.com.
