Home Must Reads Erickson Air-Crane buys Evergreen Helicopters

Erickson Air-Crane buys Evergreen Helicopters

| Print |  Email
Must Reads
Wednesday, March 20, 2013

Portland's Erickson Air-Crane bought McMinnville's Evergreen International Aviation's helicopter company for $250 million.

Former employees said Evergreen, which has been buffeted by complaints, lawsuits, a state investigation of its affiliated non-profit and cash flow difficulties, has been working to sell the helicopter business for some time. Some they still haven't been paid what they were owed and have filed complaints with Oregon Bureau of Labor and Industries. They said they hoped the sale means they will get the money they are owed.

Erickson's announcement said Evergreen Helicopters had unaudited revenues of $196 million last year, and it said the company had adjusted earnings before interest, taxes, depreciation and amortization of $56.2 million. Erickson said the deal is for 64 aircraft, including some fixed-wing aircraft.

Read more at OregonLive.com.

{biztweet}erickson evergreen{/biztweet}

 

More Articles

A Complex Portrait: Immigration, Jobs and the Economy

November/December 2014
Wednesday, October 22, 2014
BY JOE ROJAS-BURKE & KIM MOORE

Oregon Business reports on the visa squeeze, the skills gap and foreign-born residents who are revitalizing rural Oregon.


Read more...

Semiconductor purgatory

News
Monday, October 06, 2014
roundup-logo-thumb-14BY LINDA BAKER | OB EDITOR

Intel's manufacturing way station; Merkley's attack dog; Diamond Foods gets into the innovation business.


Read more...

Healthcare pullback

News
Thursday, November 20, 2014
112014-boehnercare-thumbBY JASON NORRIS | OB CONTRIBUTOR

Each month for Oregon Business, we assess factors that are shaping current capital market activity—and what they mean to investors. Here we take a look at two major developments regarding possible rollbacks of the Affordable Care Act (ACA).


Read more...

Election Season

November/December 2014
Wednesday, October 22, 2014

We didn’t intend this issue to have an election season theme. But politics has a way of seeping into the cracks and fissures.


Read more...

Growing a mobility cluster

News
Friday, October 31, 2014
0414 bikes bd2f6052BY LINDA BAKER | OB EDITOR

Why are there so few transportation startups in Portland?  The city’s leadership in bike, transit and pedestrian transportation has been well-documented.  But that was then — when government and nonprofits paved the way for a new, less auto centric way of life.


Read more...

Kill the Meeting

November/December 2014
Wednesday, October 22, 2014
BY AMY MILSHTEIN

Meetings get a bad rap. A few local companies make them count.


Read more...

Fly Zone

November/December 2014
Wednesday, October 22, 2014
BY JOE ROJAS-BURKE

The black soldier fly’s larvae are among the most ravenous and least picky eaters on earth.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS