Aviation company, Chorus, to acquire Elisen & Associates
**Chorus Aviation to Acquire Montreal-Based Elisen & Associates**
In a significant move, Chorus Aviation Inc., a leading Canadian aviation holding company, has announced its intention to acquire Elisen & Associates Inc., a Montreal-based provider of aerospace engineering and certification services [1][3]. This acquisition is set to strengthen Chorus's technical capabilities and expand its footprint in the North American aerospace sector.
Established in 1997 by Stephane Durand and Taif Rahman, Elisen & Associates has built a strong reputation for handling complex engineering projects across various sectors, including commercial, business, rotary aircraft modifications, defense initiatives, and sustainable aviation [2].
The acquisition is expected to close before the end of the year, subject to regulatory approvals and other customary conditions. The deal will be funded with available cash and is not anticipated to have a significant impact on Chorus's revenue, earnings, or balance sheet.
For Chorus, the acquisition offers several advantages. By integrating Elisen's specialized aerospace engineering and certification capabilities, Chorus can expand its in-house expertise, particularly in areas requiring regulatory compliance and technical oversight [3]. This vertical integration could potentially enhance operational efficiencies and project delivery for its existing aviation operations, including aircraft leasing, maintenance, and regional aviation services.
Moreover, the acquisition positions Chorus strategically in Montreal, a globally recognized hub for aerospace engineering. Being closer to this ecosystem may facilitate future collaborations and growth opportunities [2][4]. The acquisition also aligns with broader industry trends toward greater specialization and vertical integration in aviation support services [1][3].
Taif Rahman, Co-President of Elisen & Associates, expressed his excitement about working with the Chorus team to pursue broader opportunities together. Stephane Durand, his co-president, shared similar sentiments, looking forward to welcoming the entire Chorus team.
Colin Copp, President and Chief Executive Officer of Chorus Aviation, stated that the acquisition aligns with the company's culture, values, and strategic vision. He expressed confidence that the acquisition would further enhance Chorus's service offerings, providing a competitive edge in the evolving aviation marketplace.
Elisen & Associates currently supports and develops Airbus A220, Bell helicopters, and aircraft from Bombardier, Gulfstream, and Lear on special missions. The acquisition is expected to provide Chorus with valuable expertise and industry relationships to grow its defense and specialized MRO capabilities.
In a statement, none of the previous expressions of interest from other companies offered the same cultural, value, and strategic alignment as the acquisition of Elisen & Associates. This acquisition is indeed a strategic move by Chorus Aviation to strengthen its position in the aerospace sector and prepare for the challenges and opportunities of the future.
- The acquisition of Elisen & Associates by Chorus Aviation will not only strengthen its technical capabilities in the aerospace sector, but it will also provide the company with valuable expertise and industry relationships to grow its defense and specialized MRO capabilities, expanding into the finance and technology sectors.
- By integrating Elisen's specialized aerospace engineering and certification capabilities, Chorus Aviation aims to strengthen its position in the industry, enhancing operational efficiencies and project delivery for its existing aviation operations, while positioning itself in Montreal - a globally recognized hub for aerospace finance and technology.
