Tyonek Services Group Acquires Huntsville Hangar
Tyonek Services Group, Inc. in January purchased a 68,000-square-foot Huntsville, Alabama hangar facility that will allow the company to service rotary-wing and fixed-wing aircraft.
Tyonek Services Group, Inc.
Tyonek Services Group, Inc. (TSG), a subsidiary of Tyonek Native Corporation (TNC) announced in January it purchased a hangar facility located in Huntsville, Alabama. The 68,000-square-foot facility, which Tyonek has leased since 2018, is equipped to meet the demands of both rotary-wing and fixed-wing aircraft.
From Tenant to Owner
“The purchase of this hangar force multiplies our portfolio of state-of-the-art facilities, allowing us to provide the highest caliber of service and quality to our customers,” says Paul Stein, president of TSG. “It will enable TSG to further showcase our comprehensive aircraft maintenance and modification expertise.”
The hangar is an FAA-certified 14 CFR Part 145 Repair Station inside a Transportation Security Administration Security Identification Display Area perimeter at the Huntsville International Airport. The company has leased the facility since 2018 and performs maintenance, repairs, overhauls, equipment installations, testing, and manufacturing services at the site. The facility has the appropriate back shops to perform rotary wing organizational, intermediate, and depot-level maintenance.
“The completion of this acquisition is a key milestone achievement supporting our longer-term objectives and positions us well for continued growth in the aircraft maintenance services segment,” says TNC CEO Stephen Peskosky.
TNC is the parent company to a diversified portfolio of subsidiary businesses in industries including aerospace and defense manufacturing, engineering, aircraft maintenance repair and overhaul, cyber technology, land resource development and renewables, and construction.
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