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Business/Financial

Private Equity Firms Partner On Aerospace Investments

By Cal Biesecker

Tuesday, August 19th, 2014

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Private Equity Firms Partner On Aerospace Investments

Ranger Aerospace President CEO Steve Townes

Ranger Aerospace LLC said on Monday that it has partnered with Azalea Capital to form a new holding company, Ranger AeroSystems, Inc., to jointly pursue investments and acquisitions in the aerospace industry . The private equity partnership is focused on several lower middle market aerospace segments including precision manufacturing, component overhaul, and specialty maintenance, repair and overhaul technical services companies with value propositions supporting commercial or military aircraft. Ranger said that as the partnership evolves additional capital partners could join.…

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