Salem Partners Advises North American Aircraft Services & Mangrove Equity Partners on Acquisition of AOG, Inc.

SAN ANTONIO, TX – January 11, 2012 - North American Aircraft Services, Inc. ("NAAS") along with its partner, Mangrove Equity Partners("Mangrove"), have completed the acquisition of Aircraft On Ground, Inc. ("AOG"), a member of Taurus Aerospace Group and a portfoliocompany of Macquarie Capital. The transaction represents the marriage of two of the most well-respected aircraft fuel tank servicescompanies in the industry today. Los Angeles-based Salem Partners acted as the exclusive investment banking advisor to NAAS andMangrove Equity. Terms of the transaction were not disclosed.