SAAM to buy airport services company

SAAM to buy airport services company

M&A Corporate & Sovereign Strategy Chile Colombia Ecuador Latin America

SAAM, a Chilean logistics, port and towage services company, has reached a deal to buy 50% of Aerosan for $32 million from American Airlines, increasing its interests in airport services in Chile, Colombia and Ecuador. The logistics division, SAAM Logistics, already owned 50% of Aerosan, which means the deal will give SAAM 100% of Aerosan, which had $57 million in revenue in 2019, according to a securities filing. "This transaction will allow us to grow in logistics services for air cargo and ai

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