A Virginia-based private equity firm has agreed to acquire Evergreen Maintenance Center, a top-level aircraft maintenance center at Pinal Airpark.
Oregon-based Evergreen International Aviation Inc. agreed to sell Evergreen Maintenance Center Inc. for an undisclosed amount to Relativity Capital LP, which is based in Arlington, Va.
The new owners plan to continue operations, including heavy maintenance checks for Boeing 747 jumbo jets, and support the center’s long-term growth, said Joyce Johnson-Miller, Relativity co-founder and senior managing director.
Evergreen had 351 full-time equivalent employees at the start of 2011, according to the Star 200 survey of the region’s major employers.
According to Evergreen, the operation is the largest aircraft storage and maintenance facility in the world with, 20 million square feet of ramp area and storage area that accommodates over 400 aircraft.
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The center has been a federally approved aircraft-maintenance center for more than 30 years and has been recognized with the Federal Aviation Administration’s Diamond Award for maintenance excellence, the company said.