Billion dollar merger for Pattonair
Bondholder Pattonair's $1.9bn merger with US counterpart, Wesco Aircraft Holdings, one of the world’s leading distributors and providers of comprehensive supply chain management services to the global aerospace industry, has completed.
The combined company becomes a $2.4bn business with a global footprint in 17 countries and more than 4,000 employees.
Wayne Hollinshead, Pattonair’s chief executive since 2011, has been named president of the new company. He said, “I’m thrilled with the benefits this combination brings customers and our employees. We expect that our scale and reach, coupled with sophisticated inventory and supply chain management capabilities, will better position us to benefit from industry growth and drive greater operational efficiency."