Pemco World Air Services, Inc.

Pemco World Air Services, Inc. specializes in aircraft modification, offering advanced passenger-to-freighter conversions and cargo door systems to enhance operational efficiency for its diverse global clientele. Pemco World Air Services, Inc. provides aircraft modification services, focusing primarily on converting passenger planes to freighters.

The company, headquartered in Tampa, US, has participated in 4 deals, with the most recent occurring on January 3, 2016. In this round, the company transitioned from being privately held to public ownership, raising USD 43. 00 mn, with funding led by Sun Capital Partners. The company was later acquired by Air Transport Service Group in January 2017, although the financial terms were not disclosed.

Pemco specializes in aircraft modification, particularly in passenger-to-freighter conversions. Their core offerings encompass advanced cargo door systems and related modifications, ensuring operational efficiency and reliability. With over 60 clients, Pemco’s conversions are recognized for their quality and safety, backed by a proven record of 2 million operational hours. The engineering team provides comprehensive support to meet budgetary constraints and caters to a globally diverse clientele, including airlines and cargo operators across North America, Asia, and Latin America, where demand for reliable aircraft modification services is on the rise.

In 2008, Pemco reported a revenue of USD 53. 50 mn and an EBITDA of USD 1. 32 mn. Their revenue model is built on B2B transactions with airlines and freight operators, primarily through fixed-price contracts that guarantee tailored conversion solutions and ongoing service agreements for fleet maintenance and compliance.

Pemco's future growth strategy includes plans for expanding into new geographic regions, with a focus on increasing market presence in Asia and Latin America by 2025. The recent funding received from the Public to Private round will be utilized to support the development of new aircraft modification products and enhance engineering capabilities. Following the acquisition by Air Transport Service Group, Pemco aims to leverage synergies to broaden its service offerings and reach a wider clientele.