Kinsale Capital Partners has completed the acquisition of a controlling equity stake in Associated Aircraft Manufacturing & Sales.
Associated Aircraft Manufacturing & Sales (AAMSI) provides aerospace manufacturing, distribution and repair and for military avionics and structural components. AAMSI is a US Department of Defense Contractor and registered with the US Government’s Business Partner Network and Central Contractor Registration. The company was founded in 1953 and is headquartered in Fort Lauderdale (www.aamsi.com).
Kinsale made its investment in AAMSI in partnership with the company’s existing management team. The transaction allows long-time AAMSI owners, Peter Beaulieu and Frank Seguin to transition to Board of Director roles with the company.
As part of the transaction, Retired Rear Admiral Mark Heinrich, US Navy, has joined the company as President and CEO. Admiral Heinrich has more than 30 years of experience in operations, logistics, and supply chain management. Previously, he led large scale ERP system implementations and managed the Naval Supply Systems Command’s (NAVSUP) seven billion dollar operating budget.
Kinsale Capital Partners provides advisory and financing services to middle market companies. Kinsale will also use its own capital and the capital of its equity partners to invest or acquire middle market companies, in partnership with management teams, in order to provide capital for growth, restructuring or ownership transition. Kinsale is based in Chicago (www.kinsalecapitalpartners.com).
© 2015 PEPD • Private Equity’s Leading News Magazine • 4-21-15
