Stout Advises Heritage Aviation on Sale to The Albers Group

December 17, 2021

Stout announced that Heritage Aviation Ltd. (“Heritage”), a portfolio company of the Zohar Funds (“Zohar”), has been acquired by The Albers Group, a provider of aviation-related engineering services, manned aircraft operations, and AS9100D manufacturing services to the aerospace and defense industry. Stout served as exclusive financial advisor to Heritage and Zohar in connection with this transaction.

Heritage, based in Dallas, TX, is a turnkey provider of precision machining, assembly, and avionic maintenance and repair services to the aerospace, aviation, and defense industries. Heritage operates with Nadcap and FAA 145 Repair Station certifications as a full-service avionics repair center enabled to inspect, repair, and overhaul aviation components.

Alan Delgado, Director of Operations at Heritage, said, “Stout did an excellent job with this transaction, and we feel that Heritage is well positioned to continue its success and growth with The Albers Group.”

Luis Pillich, Director at Stout, said, “Heritage has a strong reputation for quality and customer service and brings highly complementary capabilities to The Albers Group. It was a pleasure working with Zohar, Heritage, and The Albers Group on this transaction.”

FTI Consulting and Young Conaway Stargatt & Taylor served as consulting advisors and legal counsel, respectively, for Zohar. Latham & Watkins served as legal counsel to Heritage.

Stout’s Nickolas Dreps and Conrad Hahne assisted in executing the deal.

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