Colorado-based Air Methods Corp., which specializes in medical transportation, announced on Friday it has entered into a stock purchase agreement to acquire Sundance Helicopters, Inc., a helicopter tour company based in Las Vegas.
Sundance currently operates 22 helicopters and is primarily focused on tours of the Grand Canyon. However, the company also provided firefighting support, newsgathering services and other functions.
"We are excited to have this opportunity to diversify the company's services by expanding into industries with key aviation adjacencies. Although these industries are new to Air Methods, we believe our aviation expertise, including direct operating experience with AS350s and EC130s, positions us well for success in these sectors," said Air Methods CEO Aaron Todd.
"We are very much looking forward to joining the Air Methods family and to taking advantage of the company's resources, economies of scale, and aviation expertise. We believe this opportunity will further enhance the quality of our services for customers, expand career opportunities for our employees, and help position us for future growth opportunities," said Sundance CEO Bob Engelbrecht.
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