PHOENIX -
Nov. 13, 2015 -
PRLog -- Total Airport Services, LLC, or TAS, a leading North American aviation service provider, today completed the sale of 70 percent of its ownership to an affiliate of CCR S.A., one of the largest infrastructure concession companies in the world. The acquisition marks CCR’s first foray into the U.S. market.
According to Jack Evans, TAS CEO, “We’ve grown rapidly in the last decade, and partnering with CCR will give us the opportunity to accelerate this growth not only within the aviation services industry, but also in related fields.”
As part of the agreement, Evans will retain 30 percent ownership in TAS and stay its CEO. Former co-owner Denny Eichenbaum will maintain a critical position within the TAS organization as a business development resource. The company will remain headquartered in Phoenix, Ariz.
Brazilian company CCR S.A. holds interests in a wide array of transportation-
related systems, including ownership and management of a number of airports throughout Latin America, either directly or through affiliates. Its long-term portfolio diversification strategy includes expanding its reach into the airport sector; outside of Brazil, the company already holds interests in international airports within Ecuador, Costa Rica and Venezuela.
