Pemco for Sale

A Dothan business will soon be up for sale.

Birmingham based Pemco Aviation Group says it has agreed to sell Pemco World Air Services Incorporated.

Pemco is a Dothan commercial aircraft conversion and maintenance subsidiary.

The sale was to a Florida investment firm sun capital partners incorporated for 43 million dollars.

Pemco Aviation plans to use the money to quote _"retire bank debt, fund pension plan liabilities and still have a cash balance of about ten million dollars."

The sale is expected to be completed in the fall.

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