Erickson Air-Crane moves forward with IPO plans


Erickson Air-Crane reaffirms its initial public offering efforts more than 18 months after saying it hoped to raise $75 million from investors.

Share this article!

Erickson Air-Crane put its best foot forward Monday, reaffirming its initial public offering efforts more than 18 months after saying it hoped to raise $75 million from investors.

Erickson, which manufacturers and maintains a global fleet of heavy-lift helicopters in Central Point last amended its filing in late 2010.

Through Sept. 30, Erickson reported a profit of $7.9 million on revenue of $122 million. For a corresponding term in 2010, the company had earnings of $2.3 million on revenue of $93 million. For the first nine months of the year, the aerial services generated $111.2 million in revenue, while the manufacturing and maintenance arm produced $10.8 million, after bringing in $105.7 million and $12.5 million for all of 2010.

Read more in today’s Mail Tribune.




Latest from Oregon Business Team