The Dee Howard Company, created in 1947 and under Chapter 11 protection since mid-February, is now San Antonio Aerospace. Sale of San Antonio International-based Dee Howard at auction was approved by Federal District Court in San Antonio in April. The winning bid came from Singapore Technologies for $14.5 million in cash and an additional $3 million to $4 million in “other considerations.” The transaction was completed on May 31. A spokesman for the new San Antonio Aerospace said the company will, for the time being, continue to focus on its core business of aircraft maintenance. The acquisition adds to Singapore Technologies’ U.S. holdings that also include Mobile Aerospace of Mobile, Ala., and Dallas-based DalFort Aerospace.
Court OKs Dee Howard Sale to Singapore Tech.
- April 21, 2008, 12:29 PM