Independent equipment leasing company CSI Leasing has acquired the majority of shares in Aeroservicios USA.

Miami-headquartered Aeroservicios USA specialises in reconditioning and overhauling used GSE to new condition, as well as selling, renting and leasing new and used GSE and parts from top manufacturers.

Equipment managed by Aeroservicios USA includes baggage carts and tractors, loaders, catering trucks, dollies, forklifts, lavatory carts, stars, towbars and utility vehicles.

Gabriel Serrano, who founded the company along with his father in 1996, will remain in the company as CEO.

In addition to handling pre-owned GSE equipment, Aeroservicios USA will refurbish and remarket CSI’s off-lease GSE.

The alignment between CSI Leasing and Aeroservicios USA will provide ground handlers and airlines with GSE paired with flexible financing structures.

Aeroservicios USA operates two full shops and a storage yard in Miami totalling 579,600 square feet and has a 19,000 square foot full shop in Guatemala.

Steve Hamilton, Chairman and CEO of CSI Leasing said: “CSI has been leasing new and used GSE for nearly 10 years. Aeroservicios’ robust refurbishing experience and vast understanding of the GSE market will allow CSI to offer more competitive lease pricing and additional services to its customers.”

Serrano added: “I’m thrilled for Aeroservicios to join the CSI family and its growing team. CSI’s reputation, along with its global footprint, is unmatched in the leasing industry. Aeroservicios’ GSE experience, combined with CSI’s leasing and financing expertise, will give customers a one-stop GSE solution.”