Business
Chorus Aviation Announces Agreement to Acquire Kadex Aero Supply
Chorus Aviation Inc. ('Chorus') (TSX: CHR) is pleased to announce that it has entered into an agreement to acquire Kadex Aero Supply Ltd. ('Kadex'), a leading independent distributor of aircraft parts, supplies and repair and overhaul services. The acquisition is expected to close during the second quarter of 2026.
About this update from Chorus Aviation Inc.
[{"type":"text","content":"HALIFAX, NS, Feb. 12, 2026 /CNW/ - Chorus Aviation Inc. ('Chorus') (TSX: CHR) is pleased to announce that it has entered into an agreement to acquire Kadex Aero Supply Ltd. ('Kadex'), a leading independent distributor of aircraft parts, supplies and repair and overhaul services. The acquisition is expected to close during the second quarter of 2026.","length":377,"tagName":"p"},{"type":"text","content":"Kadex, a private company founded by principals John Lavery and Ken Blow in 1994, generated approximately $60 million1 in revenue in 2025. Kadex employs approximately 50 people across two locations, with its main location in Peterborough, Ontario and a regional supply location in Calgary, Alberta. The company's strong partnerships with over 70 different original equipment manufacturers ('OEM') and deep technical expertise provide its customers with value-added one-stop shopping.","length":494,"tagName":"p"},{"type":"text","content":""This acquisition represents a significant step forward in our strategy to grow and diversify Chorus' aviation, aerospace and defence services," said Colin Copp, President and Chief Executive Officer, Chorus. "Kadex is a highly respected company with strong OEM and customer relationships and has a proven operating model with a growing revenue stream that is expected to enhance the durability of our earnings profile."","length":444,"tagName":"p"},{"type":"text","content":""Kadex will add a complementary platform to our used serviceable materials business, delivering consistent cash flows aligned with our long‑term focus on shareholder value," noted Mr. Copp. "We look forward to welcoming John, Ken, and the entire Kadex team to Chorus, as they continue to build on the strong foundation they have created for the Kadex brand and reputation."","length":393,"tagName":"p"},{"type":"text","content":""Over the past 30 plus years, we have been focused on building a leading company committed to servicing our customers' aviation supply needs. Becoming part of the Chorus family of businesses is an exciting next step for Kadex and our employees - and we look forward to working with the Chorus team as we continue to grow our business," said John Lavery, President and CEO, Kadex.","length":393,"tagName":"p"},{"type":"text",...