Amerijet Buys SRX To Expand Into Asia

Amerijet International Inc., a Ft. Lauderdale, Fla.-based portfolio company of H.I.G. Capital, has acquired SRX Transcontinental Inc., a Fla.-based provider of ground handling operations in Central Asia. No financial terms were disclosed.

PRESS RELEASE

Amerijet International, Inc. today announced its acquisition of SRX Transcontinental, Inc., a Florida based company specializing in ground handling operations throughout Central Asia, and owner of Avialeasing Aviation Company, an Uzbekistan certificated airline with US DOT Part 129 authority. SRX and Avialeasing market the sales, charter operations, and contract maintenance of Antonov An-12 and An-26 aircraft based from both Uzbekistan and Miami, Florida. These aircraft are known for their ramp loading capabilities, unique winch and crane cargo handling system enabling it to load heavy and oversized cargo, as well as their ability to operate to airports not normally served by other commercial and or cargo aircraft.

David Bassett, CEO of Amerijet, stated “Amerijet believes this acquisition will complement its cargo operations and support our energy sector customers both in the Americas and worldwide. It will also support our effort toward establishing regional cargo operations throughout Central Asia, a market Amerijet believes capable of substantial growth throughout the next decade.”

The acquisition also coincides with Amerijet’s recent announcement to lease and operate five Boeing 767-200 cargo aircraft. These aircraft will complement its historical fleet of Boeing 727-200’s.

Amerijet International, Inc. is a full-service multi-modal transportation and logistics provider, offering international, scheduled all-cargo transport via land, sea, and air. Florida-based Amerijet operates offices all over the world, serving destinations throughout the America’s, Mexico, the Caribbean, Europe, Asia, and the Middle East. Amerijet operates Boeing 727-200 and Boeing 767-200 aircraft from its primary hub at Miami International Airport, with 210,000-square-foot export and 100,000-square-foot imports air cargo handling facilities and a 50,000-square-foot ocean cargo facility. A custom-built 10,300 square-foot (227,419 cu. ft.) cooling facility was specially designed to maintain the cool chain integrity of perishables during the transportation process. In addition to the state-of-the-art design features, multiple pre-cooling systems, and 24 hour surveillance, the refrigerated storage space is subdivided into four climate-controlled chambers offering not only refrigerated, but frozen, and chilled storage. For additional information, visit Amerijet on the web at www.amerijet.com.