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Merex Holding Corporation (Merex) Acquires Aircraft Logistic Support Company (ALCO)



  Merex Holding Corporation (Merex) Acquires Aircraft Logistic Support Company
  (ALCO)

  Expands Capabilities to Include MRO Services for Legacy Military Aircraft

Business Wire

CAMARILLO, Calif. -- April 18, 2013

Enhancing its ability to provide “Total Support” services for U.S.
manufactured legacy military platforms to its global customer base, Merex
Holding Corporation (Merex) has acquired Livermore, CA-based Aircraft
Logistic-support Company (ALCO). ALCO is a provider of Maintenance, Repair and
Overhaul (MRO) services for auxiliary power units (APUs) and engine driven
compressors (EDCs), as well as a variety of other critical components for
hydraulic, pneumatic, fuel and electrical systems. For more than 20 years,
ALCO has earned its reputation for providing unparalleled customer support for
legacy military aircraft including: C-130, P-3, F-18, F-16, and F-15 as well
as commercial aircraft including: Boeing 737, 757 and 767.

“ALCO will strengthen our ability to service our international customers,”
said Andy Shams, president and CEO of Merex. “ALCO’s high-quality MRO services
and technical expertise make them a great addition to the Merex team and an
important element of our growth strategy.”

”We are enthusiastic about the opportunity to become part of Merex,” said
Robert Cantu, president of ALCO. “Merex provides the platform and resources
for ALCO to expand and grow its repair capabilities.” Cantu will continue to
provide leadership in his role as president of ALCO.

Merex partnered with investment group Dubin Clark & Company for the
acquisition of ALCO. Financial terms of the deal were not disclosed.

“We see the opportunity for further consolidation in the industry. The
acquisition of ALCO continues our plan to offer a comprehensive range of
products and services to our established customer base,” said Tom Caracciolo,
managing partner at Dubin Clark & Company.

About Merex:

Founded in 1982, Merex is a premier provider of comprehensive support for U.S.
manufactured legacy defense platforms including aircraft, helicopters and
their respective engines. Supporting more than 35 armed forces worldwide that
operate aging defense platforms, Merex’s “Total Support“ approach of providing
spares/components, repair/overhaul management, and project management of
systems upgrades has been instrumental in the company’s success in this
growing market. Further information is available at www.merexinc.com.

About ALCO:

Founded in 1992, ALCO operates as a Maintenance, Repair and Overhaul (MRO)
facility for servicing auxiliary power units (APUs), engine driven compressors
(EDCs) as well as a variety of other components for hydraulic, pneumatic, fuel
and electrical systems. ALCO supports military aircraft including: C-130, P-3,
F-18, F-16 and F-15 as well as commercial aircraft including: 737, 757 and
767. ALCO currently maintains FAA Open Class I, II, III, Accessory and Limited
Instruments Ratings. Further information is available at www.alco.aero.

About Dubin Clark & Company:

Dubin Clark & Company is a private equity investment firm. Founded in 1984,
Dubin Clark & Company focuses exclusively on purchasing and cultivating
businesses into profitable enterprises, all the time working alongside the
businesses' preexisting management. The company's corporate philosophy states
its desire to "maintain each company's values, independence and culture; our
goal is to build on what has already been achieved." Further information is
available at www.dubinclark.com.

Contact:

Merex
Kimberly Smith
805-446-2700 ext.22
ksmith@merexinc.com
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