Evergreen Maintenance Center Inc. has been sold to Relativity Capital, bringing a new owner to Arizona's largest aircraft maintenance facility.
The center has about 20 million square feet of storage and maintenance space in Marana, north of Tucson. The companies did not release financial information about the deal.
EMC, a unit of Evergreen International Aviation, has run the facility for 32 years.
“We are extremely excited to have Relativity Capital invest in our future, especially given their expertise and long history investing in the aerospace sector,” said Mark Rosema, president of EMC. “We look forward to a long and prosperous relationship with the team at Relativity as we grow our maintenance and storage businesses.”
Relativity principal Brian Lee said EMC is well-positioned in an industry that continues to grow.
Relativity has offices in New York; Arlington, Va.; and Bloomington Hills, Mich. The private equity firm invests in aerospace, defense, industrial, health care and other fields.