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HomeMy WebLinkAbout09-10-2025 Fairhope IDB - Presentation from Elpizo and SegersElpizo and Segers Fairhope Industrial Board 8100 McGowin Drive Development Project background – Elpizo and Segers Segers Aero Corporation ‘Segers’ was founded in 1976 and in 2008, relocated to Fairhope, Alabama. Elpizo Corporation ‘Elpizo’ (an affiliate of Segers at the time) bought 57 acres and the building in 2008 as an enlarged site for their MRO aviation business and has been committed to the area ever since. Segers had 60 employees back in 2008 and when the business was sold to HIG in 2024, it had grown to 170 employees. Since the sale, the business has further grown with more than 200 employees. Now Elpizo wants to support Segers, our tenants, to expand in Fairhope, bringing further investment and jobs to the area. Elpizo is now investing c. USD 9m in developing a 55,000 sq/ft Pre-engineered Metal Building (PEMB). This will be a fully air -conditioned and insulated production floor with offices and 50 car parking spaces with landscaping to support a further 60 employees on site Current Layout of Development Lot 1 – Existing site (Segers current building) Lot 2 – Development site (3 acres) Development Site Building Design 55,000 sq/ft Pre-engineered Metal Building (PEMB) Segers Aero Corporation Your partner in Engine and propeller Maintenance Segers Capabilities, Certifications & Approvals C-130/L100 & P-3 Complete Propulsion System Support QEC Capabilities, Certifications & Approvals Capabilities, Certifications & Approvals T56/501 Capabilities, Certifications & Approvals 54H60 NORTH AMERICA •US AIR FORCE •US NAVY •CBP •US COAST GUARD •NOAA •LYNDEN AIR CARGO •GULF AIR GROUP •IFL GROUP EUROPE •FRENCH AIR FORCE •GREEK AIR FORCE •SABENA •OGMA •PORTUGAL Global Presence SOUTH AMERICA •CHILEAN AIR FORCE •COLOMBIAN AIR FORCE •PERUVIAN AIR FORCE •ECUADOR AIR FORCE •CHILEAN NAVY •URUGUAY AIR FORCE •ENAER AFRICA •EGYPTIAN AIR FORCE •ROYAL MORACCAN AIR FORCE •TUNISIAN AIR FORCE •ETHIOPIAN AIR FORCE OEM & INTEGRATORS •LOCKHEAD MARTIN •ROLLS ROYCE •HONEYWELL •SHERWOOD AVIATION •NSPA •PROS V •DERCO •AAR MIDDLE EAST •ROYAL SAUDI AIR FORCE •UAE AIR FORCE •PAKISTAN AIR FORCE •MEPC •AACC •AMMROC / GAL ASIA •INDONESIAN AIR FORCE •PHILIPPINES AIR FORCE •ROYAL THAI AIR FORCE •TAIWAN AIR FORCE •JAPANESE NAVY New building strategy / plan Major addition to our existing facility for expansion and growth Dedicated to MRO (maintenance, repair and overhaul) work on engines and propellers 60 additional skilled employees Capex plan: $2.5m machinery / equipment and $0.2m office furniture and equipment