TAT Technologies acquired Piedmont Aviation Component Services through its fully owned subsidiary Limco Repair. Under terms of the agreement, TAT paid $5.3 million for the company and repaid $11 million of outstanding indebtedness. Piedmont, based in Kernersville, N.C., is a provider of overhaul, repair, maintenance, service and supply of propellers, landing gear and APU/LRU units in the Regional airline market.
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