MEMPHIS, Tenn. (WTVA) -- Universal Asset Management Inc., a global leader in aviation asset management, aircraft disassembly and commercial aviation aftermarket component sales, announces that UAM Holdings Inc., a corporation wholly owned and operated by Keri Wright, has acquired 100% of Universal Asset Management and its wholly owned subsidiary, Universal Air Repair, LLC.
The transaction will enable Universal Asset Management to build upon its customer focus, drive continued organic growth, and pursue aviation asset acquisition opportunities. In conjunction with the acquisition, company founder and CEO Steve Manley announces his retirement from Universal Asset Management.
Along with her new role as President and CEO, Keri will continue managing the day to day operations. “Keri has essentially been running the company for the past several years in her role as COO, and selling the company to her will allow UAM to continue to expand under her ownership,” said Steve Manley. Keri Wright added that this acquisition "will enable UAM to continue to provide the level of service that our customers expect while expanding UAM’s global reach and diversifying the services we offer to the aviation industry. Today is an exciting day for UAM.”