Aerospace Products Int'l Acquires Avionics Int'l Supply

Aerospace Products International Inc., based in Memphis Tenn., a portfolio company of private equity firm Resilience Capital Partners, has acquired the assets of Avionics International Supply Inc. (AIS), further expanding its distribution product line into avionics and electronics.

 

Headquartered in Denton, Texas, AIS is a wholesale distribution and repair services company in business since 1984, serving customers worldwide. AIS's main focus is the procurement and sales of new and used parts and supplies, avionics, electronics, tooling, and test equipment along with many other supplementary services and programs that are all designed to support the aircraft repair facility.

 

"Adding AIS's product offerings is another step toward our goal of creating the leading independently-owned parts distributor in the aerospace industry," says Steven H. Rosen, Co-CEO of Resilience.

 

The acquisition of AIS is part of the sixth platform investment in The Resilience Fund III L.P. In 2012, Resilience closed this fund with $222.5 million of committed capital.

 

Kenneth C. Ricci, a Resilience co-investor, longtime aviation entrepreneur and chairman of Flight Options and Directional Aviation, and Ulf Buergel, both operating partners with Resilience, will oversee the investment in AIS, working closely with the firm's management team. "We will continue to look for opportunities to acquire and integrate strong complementary businesses that further strengthen our ability to serve our customer's needs," says Buergel.

 

Resilience is an active investor in the aerospace industry. Current aerospace portfolio company investments include Flight Options, Sentient, Nextant, Aerospace Products, and now Avionics International.

 

"Resilience will continue to deploy capital in both manufactured product and service companies in the aerospace sector. We will not only be providing significant capital in support of API and Flight Options but are always actively looking for new interesting platform investments in the aerospace industry," adds Steven Rosen.

 

Headquartered in Cleveland, Ohio, Resilience Capital Partners invests in niche-oriented manufacturing, distribution, consumer product, and business services companies located in the Midwest and throughout North America.