Acquisition Integration signed a lease of 25 years for the Pryor Airport in Tanner.
The company plans to build 170,000 sq. ft. of office and hangar space. According to a press release, the company plans to invest 30 million dollars in the project and create approximately 250 jobs. This will be an MRO (maintenance, repair, and overhaul) operation.
Dave Bristol, CEO of Acquisition Integration, said: "We are excited to bring a capability to Pryor field that will benefit the aviation industry and the local workforce." We believe it will support North Alabama's expected growth and we thank the local community's support for helping us build this ability.
The 10-year lease between Acquisition Integration, Pryor Field Airport Authority and other parties has an option. Acquisition Integration, based in Huntsville, offers distribution, logistic and other services to the commercial, military and aerospace industries.
The airport will receive $2 million in grant funding from ADECA and SAAW to upgrade its sanitary sewer system. Limestone County Commission plans to pave Airport Road near the airport to support this project.