Acquisition of Premier Aviation

3 Months Ended

Aug. 31, 2017

Acquisition of Premier Aviation

Acquisition of Premier Aviation

Note 13 — Acquisition of Premier Aviation

On September 19, 2017, we acquired the outstanding shares of two MRO facilities in Quebec and Ontario, Canada owned by Premier Aviation for approximately $29.0 million.  The purchase price includes approximately $26.7 million paid at closing and deferred consideration of $2.3 million payable September 2018. This business will operate as part of our Aviation Services segment.