GREENWICH AEROGROUP SELLS AERO PRECISION INDUSTRIES
Greenwich AeroGroup, Inc. announced today that it has sold Aero Precision Industries LLC, DAC International, Inc. and NASAM, Incorporated to a fund managed by Odyssey Investment Partners, LLC. Operated as a single business unit, these three companies are distributors and providers of military and commercial aerospace components and related services to a diverse global customer base. The transaction was completed on August 10, 2016.
“It has been our privilege to work alongside these three great companies and their people, and we are heartened by the relationships that have been built between them and the rest of our companies,” said Greenwich AeroGroup President and Chief Executive Officer Jim Ziegler. “We look forward to continuing to partner with them on future projects.”
Greenwich AeroGroup acquired DAC International and NASAM in 2009 and Aero Precision in 2013 and it continues to look for opportunities to add companies that will complement its aviation portfolio. The specific details of the sale are confidential.
AERO PRECISION SIGNS DISTRIBUTION AGREEMENT WITH LORD CORPORATION
Aero Precision, a Greenwich AeroGroup company, announced today an agreement of a territory-specific distribution agreement with LORD Corporation, a leading Aerospace and Defense supplier of vibration control systems. In the agreement, Aero Precision will supply LORD Dampers, Bearings and Tail Rotor Assemblies in South Korea to support MD-500 operations.
“We are excited about LORD Corporation’s unique products we can access to support this very important international customer base,” said Aero Precision’s Asia Sales Manager Michael Bogdanich.
“We are thrilled about the opportunity to work with Aero Precision in South Korea,” said LORD’s Director of Global Sales Aerospace & Defense Steve Meyer. “Their successful support model and business acumen will allow LORD Corporation to better serve this key market.”
AERO PRECISION RECEIVES PRESIDENTIAL AWARD FOR EXPORT
U.S. Secretary of Commerce Penny Pritzker today presented Aero Precision, a Greenwich AeroGroup Company, with the President’s “E” Star Award for Exports at a ceremony in Washington, D.C. The President’s “E” Star Award is the highest recognition any U.S. entity can receive for making a significant contribution to the expansion of U.S. exports.
“Aero Precision has demonstrated a sustainable commitment to export expansion,” said Secretary Pritzker in her congratulatory letter to the company announcing its selection as an award recipient. “The “E” Awards Committee was impressed with Aero Precision’s dedication to customer relations through personalized visits and the company’s participation in trade events was also particularly notable. Aero Precision’s achievements have undoubtedly contributed to national export expansion efforts that support the U.S. economy and create American jobs.”
“Exporting continues to be the foundation of our sales growth, and we are honored to receive the “E” Star Award,” said Aero Precision’s Vice President of Business Development Ertugrul Turhal. “Eighty-four percent of our 2015 sales were from foreign customers and that trend will continue as our international relationships increase and strengthen. We are proud to export U.S. products to more than 60 countries and keep their aircraft flying.”
In 1961, President Kennedy signed an executive order reviving the World War II “E” symbol of excellence to honor and provide recognition to America's exporters. Today, Secretary Pritzker honored 123 U.S. companies with the President’s “E” Award for their outstanding work to reduce barriers to foreign markets and to open the door to more trade around the world.
In 2015, U.S. exports totaled $2.23 trillion, accounting for nearly 13 percent of U.S. GDP. Nationally, exports contributed to the U.S. economy, supporting an estimated 11.5 million jobs.
U.S. companies are nominated for the “E” Awards through the Department of Commerce’s U.S. Commercial Service office network, located within the Department’s International Trade Administration, with offices in 108 U.S. cities and more than 70 countries. Record years of successive export growth and an applicant’s demonstration of an innovative international marketing plan that led to the increase in exports is a significant factor in selecting the winners.
For more information about the “E” Awards and the benefits of exporting, visit www.export.gov.
AERO PRECISION SIGNS EXCLUSIVE DISTRIBUTION AGREEMENT WITH AEROCONTROLEX
Aero Precision, a Greenwich AeroGroup company, announced today an exclusive distribution agreement with AeroControlex, a leading Aerospace and Defense supplier of Mechanical Actuators, Ball Bearing Control Cables, Gearboxes, Cockpit Controls, Tension Products, Hydraulic, Fuel, Lube and Coolant Scavenge Pumps.
“This agreement strengthens an ongoing and growing relationship between Aero Precision and AeroControlex,” said Aero Precision’s Director of International Business Development Scott R. Butler. “Our worldwide reach will optimize the offering for aftermarket customers of AeroControlex products and MRO services.”
“We are very enthusiastic about the opportunity to work with Aero Precision in the international marketplace. Their reach and knowledge will allow AeroControlex to better serve defense customers throughout the world,” said AeroControlex’s Director of Sales and Marketing Michael Carney.
AERO PRECISION RECEIVES GOLD BOEING PERFORMANCE EXCELLENCE AWARD
Aero Precision, a Greenwich AeroGroup company, today announced that it has received a 2015 Boeing Performance Excellence Award. The Boeing Company issues the award annually to recognize suppliers who have achieved superior performance. Aero Precision maintained a Gold composite performance rating for each month of the 12-month performance period, from Oct. 1, 2014, to Sept. 30, 2015.
“We’ve maintained our Silver rating for three consecutive years and are very proud to have earned Gold this year,” said Aero Precision’s Director of Strategic Growth Initiatives Brenda Ruiz. “Our dedicated Boeing support team is committed to providing exceptional support which has allowed us to achieve 100 percent rating in quality and delivery.”
This year, Boeing recognized 530 suppliers who achieved either a Gold or Silver level Boeing Performance Excellence Award. Aero Precision is one of only 107 suppliers to receive the Gold level of recognition.
AERO PRECISION SIGNS EXCLUSIVE DISTRIBUTION AGREEMENT WITH ESSEX INDUSTRIES
Aero Precision, a Greenwich AeroGroup company, announced today the signing of a territory-specific exclusive distribution agreement with Essex Industries, a leading supplier to the Aerospace and Defense, First Response, Safety and Medical markets.
“Essex Industries is very much looking forward to our partnership,” said Essex Industries Director of Sales for Life and Ground Support Systems Corey Waldman. “Being a small, family owned business, we understand the value of Aero Precision’s global reach and market intelligence expertise. We are confident that the Aero Precision team will serve as an international extension of the personal service and technical assistance we’ve been offering our customers for almost 70 years.”
“Essex Industries is an incredible addition to Aero Precision’s international support portfolio with their state of the art products, top notch talent, reliability and safety,” said Aero Precision’s Vice President of Business Development and Technical Sales Ertugrul Turhal. “We are motivated by Essex’s new product line for search and rescue/first responders, while also supporting the legacy military aircraft liquid oxygen (LOX) converter systems.”
Essex life support equipment covers pilot, crew and medical oxygen requirements with products such as Liquid Oxygen (LOX) Converters on F-16, F-15, F-18, F-4, F-5, T-38, C-130, KC-135, C-17, AWACS, etc., and Flight line LOX Carts, Portable Liquid Oxygen Generators, and portable Therapeutic LOX Systems such as the 2 Liter BMOS, 4 Liter MMOS, 10 Liter PTLOX, and 20 Liter NPTLOX.
AERO PRECISION SIGNS AGREEMENT WITH ZODIAC AERO EVACUATION SYSTEMS
Aero Precision, a Greenwich AeroGroup company, announced today a new long term agreement with Air Cruisers Company LLC, d/b/a Zodiac Aero Evacuation Systems, a Zodiac Aerospace company.
Aero Precision has established relationships with other Zodiac Aerospace Companies. The new agreement will include all military product lines exclusively supporting foreign operators.
Zodiac Aero Evacuation Systems (formerly known as Air Cruisers) is the only company in the world to offer a comprehensive range of inflatable safety products and is a world leader for civil aviation evacuation slides, slide/rafts, life rafts, life vests and helicopter emergency flotation equipment.
Zodiac Aero Evacuation Systems Vice President and General Manager of the Military and Government Products Business Unit Mark Jeffers said, “By appointing Aero Precision as our stocking distributor, this agreement will enable our customers to have direct access to Zodiac Aero Evacuation products either off the shelf or in quicker than standard lead time.”
“We are proud to add Zodiac Aero Evacuation Systems products to our international military aftermarket support packages, and pleased to have the ability to exclusively distribute to our customers,” said Aero Precision’s International Business Development Manager Nate Hoffman.
AERO PRECISION RENEWS TEXSTARS DISTRIBUTION AGREEMENT
Aero Precision, a Greenwich AeroGroup company, announced today an extension of its partnership agreement with Texstars, an AIP Aerospace company.
The agreement extends another three years and provides Aero Precision the ability to market Texstars products and services to its International customers.
“Our new agreement and continued relationship with Texstars brings Aero Precision’s customers a significant increase in availability of high-demand Texstars Transparencies,” said Senior Director of OEM Relations for Aero Precision Patti Ryland.
“Aero Precision exhibits the performance and value of Texstars products worldwide,” said Vice President of Development for Texstars Elmer L’Roy. “We are happy to see the adoption of our products as quickly as we have.”
AERO PRECISION INDUSTRIES LLC AND SAUDI AEROSPACE COMPANY SIGN JOINT VENTURE
Aero Precision, a Greenwich AeroGroup company, has signed a joint venture agreement with Integrated Logistics Company, a subsidiary of Saudi Aerospace Company (SAC) to logistically support the Saudi Arabian Military and Civil aviation industry in the Gulf Cooperation Council.
The joint venture will operate under the name Aero Precision Industries Saudi Arabia and will have headquarters in Riyadh, Saudi Arabia in a state-of-the-art facility which is currently being constructed in North Riyadh, parallel to the prominent King Abdullah Financial District. The joint venture will provide logistics and component repair services, upgrades and modification across all platforms combining the resources and expertise of Aero Precision Industries LLC and Saudi Aerospace Company.
“Establishing Aero Precision Industries Saudi Arabia LLC, will strategically enhance what SAC has been promoting through its logistics arms,” said SAC President and CEO Mohamad Alharthy. “SAC is committed to being an industry leader in logistics with our MRO facilities and technical education academy and with the addition of the joint venture.”
“Aero Precision is very excited about its joint venture with a partner as strong as SAC in Kingdom,” said Aero Precision President Frank Cowle. “'Aero Precision Industries Saudi Arabia' gives us a footprint to launch campaigns for OEM's products and expand into Service and Logistical Support in the Middle East.”
Cowle also added, “This partnership is an ideal fit to offer world class service in Kingdom to the Royal Saudi Armed Forces and local industry, as well as the region. Aero Precision looks forward to representing OEMs and supporting the defense industry through this joint venture.”
AERO PRECISION SIGNS EXCLUSIVE DISTRIBUTION AGREEMENT WITH CHAMPION AEROSPACE
Aero Precision, a Greenwich AeroGroup company, announced today the signing of an exclusive distribution agreement with Champion Aerospace.
Aero Precision has enjoyed a longstanding relationship with Champion’s parent company, TransDigm Group Incorporated. The agreement with Champion Aerospace includes military product lines exclusively supporting foreign operators with ignition components and spark plugs.
Champion Aerospace designs and manufactures a broad range of turbine engine igniters, exciters and leads; piston engine spark plugs, magnetos, oil filters and ignition harnesses. It also provides power supplies to the aviation industry in standard and custom configurations.
“By appointing Aero Precision as our stocking distributor, international operators of military aircraft are assured that Champion Aerospace products will be available from stock or at a reduced lead time,” said Champion Aerospace President Jason Marlin. “Aero Precision’s international focus and presence will bring great support and value to Champion Aerospace military and defense customers abroad.”
“We are proud to add Champion Aerospace products to our international military aftermarket support packages and to distribute Champion products exclusively to our customers,” said Vice President of Aero Precision Ertugrul Turhal.