Australian investment bank and financial services company Macquarie Group has agreed to purchase U.S. helicopter leasing company Waypoint Leasing Holdings Ltd. and certain subsidiaries for around $650 million.
Macquarie Rotorcraft Leasing will merge the Waypoint helicopter assets and management platform with its own portfolio and hire the Waypoint staff.
Macquarie said that the deal builds upon its franchise in the aviation finance sector.
The purchase is expected to be completed in the first quarter of 2019, subject to Bankruptcy Court and regulatory approval.