Aerospace Products International, a portfolio company of Resilience Capital Partners, has acquired the assets of Avionics International Supply. Resilience Capital Partners acquired Aerospace Products International in March 2013.
“Adding AIS’s product offerings is another step toward our goal of creating the leading independently-owned parts distributor in the aerospace industry,” said Steven Rosen, Co-CEO of Resilience.
Avionics International Supply is a wholesale distribution and repair services company. The company’s main focus is the procurement and sale of new and used parts and supplies, tooling and test equipment and other supplementary services and programs that are all designed to support aircraft repair facilities. The company was founded in 1984 and is based near Dallas in Denton, TX (www.avionicsinternational.com).
Aerospace Products International (API) distributes aircraft parts and accessories to manufacturers, maintenance providers and operators of widely used military, commercial, corporate and general aviation aircraft. The company also provides supply chain management services to the aviation industry. API is based in Memphis (www.apiworldwide.com).
Resilience Capital Partners specializes in investing in middle market companies with $25 million to $250 million in revenues across a range of industries. The firm’s investment strategy is to acquire companies in a variety of special situations including underperformers, corporate divestitures, turnarounds, and orphan public companies. Since its inception in 2001, Resilience has acquired 32 companies under 20 platforms with over $2 billion in revenues. The firm is based in Cleveland (www.resiliencecapital.com).
The acquisition of Avionics International Supply is part of the sixth platform investment in The Resilience Fund III, LP which was raised in 2012 with $222 million of committed capital.
© 2013 PEPD • Private Equity’s Leading News Magazine • 10-23-13
