Chuck Surack, founder of Surack Enterprises, has acquired Enstrom Helicopter Corporation in a move to "rebuild the Enstrom brand."
Michigan-based Enstrom filed for Chapter 7 bankruptcy in January but was expected to receive a second life when MidTex Aviation stepped forward to purchase the helicopter manufacturer in March.
"Earlier this year it looked as if MidTex Aviation would step in and buy Enstrom, but when they had unexpected problems securing the funding, Chuck was able to step in and save the company, which ended a lot of sleepless nights here for us in Michigan," said Matt Francour, President andamp; CEO of Enstrom.
The immediate goal for Enstrom moving forward will be to "continue supporting pilots who already own an Enstrom helicopter."
Additionally, Surack Enterprises, which is located in Fort Wayne, Indiana, said that Enstrom will again build helicopters in the near future.
The Enstrom Helicopter Corporation will join the Surack Enterprises portfolio of aviation-related businesses including Sweet Aviation and Sweet Helicopters, which provide charter flights, training, and rentals, and Aviation Specialty Insurance.
Chuck Surack's history with Enstrom dates back to 2008 when he learned to fly helicopters, purchasing an Enstrom 480B before even obtaining his license.
"I am excited to have purchased this outstanding company that manufactures helicopters here in the United States and employs workers right here in the Midwest," said Surack.
Chuck Surack is widely known for founding Sweetwater Sound, an online retailer of musical instruments and professional audio equipment.