Welcome!

News Feed Item

Ranger Aerospace Teams with Azalea Capital

GREENVILLE, S.C., Aug. 18, 2014 /PRNewswire/ -- Ranger Aerospace LLC, a private equity consolidator specializing in aerospace operations and aviation services, has teamed with Azalea Capital to jointly pursue investments and acquisitions in the aerospace industry, seeking to accelerate growth through a collaborative partnership with proven management teams. Multi-company consolidations are a proven investment method in the aerospace industry, including Ranger's own past successes. The teammates have formed a new holding company called Ranger AeroSystems, Inc. for these pursuits. Ranger has previously teamed successfully with multiple Private Equity groups in past ventures, and additional capital partners are available to join Azalea and Ranger as this enterprise evolves.

These highly experienced organizations are focused on several lower middle market aerospace segments, such as: (a) Precision Manufacturing—sole source & limited source highly engineered flight critical parts on long life airborne platforms, both fixed wing and rotary wing; (b) Component Overhaul--value-added solutions for components, rotables, and sub-assemblies on any airborne system, with special emphasis on actuating systems.; (c) Specialty "Niche" MRO (maintenance, repair, and overhaul)—technical services companies with unique value propositions in supporting commercial or military aircraft.  Preferred investments include: $10 million minimum revenues, domestic U.S. location, scalable operations, and Management seeking a like-minded partner from the aerospace industry with strong financial backers. Other aerospace segments will be considered if there is a sound consolidation strategy that can be carried out.

Azalea Capital is a private equity firm headquartered in Greenville, SC and is the Lead Investor in this new enterprise. Azalea invests in lower-middle market companies with revenues of $10 million to $100 million to facilitate management buyouts, business recapitalizations, and growth plans. Azalea's focus industries are Manufacturing, Business Services, and Value-added Distribution with a special interest in Aerospace, Consumer Packaged Goods, Healthcare, and Energy & Industrial Services. Azalea's investment strategy is to partner with proven management teams to execute and accelerate growth plans.  As business owners with extensive networks and a broad base of experience, Azalea's investment team understands the challenges businesses face. Azalea's private equity professionals, advisory board, and investor base, which predominantly consist of CEOs and former CEOs, bring a wealth of knowledge and experience in building businesses and shareholder value across a diverse spectrum of industries. Visit www.azaleacapital.com.

Steve Townes, Ranger Aerospace CEO and founder, said "This combination of proven management experts and strong investors bodes well for building a large and lasting enterprise. We have plenty of dry powder and a long runway, and we are focused on aerospace industry segments where middle market consolidation opportunities are there for the making. We've done this several times before in a big way—we're doing it again." 

Ranger Aerospace is an active player in the consolidation trends that are affecting the aviation industry.  Since early 1997, Ranger has sparked hundreds of millions of dollars in buying, selling, and investing transactions as management stewards. Ranger adds value in each investment by bringing accomplished teams to bear on operational improvements and accelerated growth. Ranger focuses heavily on operations, marketing, quality, and people, with a "Good to Great" incremental approach to business transformations.  Previous large-scale private equity successes by Ranger Aerospace include Aircraft Service International Group, Inc. ("ASIG"), Keystone Helicopter, and Ranger International.  Those three platforms were built-up to substantial critical mass through aggressive internal growth and add-on acquisitions. Each has since grown to even larger scale. Ranger's previous ventures have employed as many as 4,250 employees, with operations at as many as 56 airfields and operating sites in North America and Europe. The holding company adheres to strict vigilance on Quality—Safety—F.A.R. Compliance, with a principled and people-oriented management style.  Ranger's management effectiveness has manifested in award-winning quality, aggressive growth, and superior IRR returns in "realized" investments.  For more information and contacts, visit www.rangeraerospace.com.

Forward Looking Statements: The Company from time to time may discuss forward-looking information. Except for factual historical information, all forward looking statements are estimates by the Company's management and are subject to various risks and uncertainties that are beyond the Company's control and may cause actual results to differ materially from management's expectations.

SOURCE Ranger Aerospace LLC

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
SYS-CON Events announced today that Hitrons Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Hitrons Solutions Inc. is distributor in the North American market for unique products and services of small and medium-size businesses, including cloud services and solutions, SEO marketing platforms, and mobile applications.
Smart Cities are here to stay, but for their promise to be delivered, the data they produce must not be put in new siloes. In his session at @ThingsExpo, Mathias Herberts, Co-founder and CTO of Cityzen Data, will deep dive into best practices that will ensure a successful smart city journey.
DevOps at Cloud Expo, taking place Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long dev...
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...
Kubernetes, Docker and containers are changing the world, and how companies are deploying their software and running their infrastructure. With the shift in how applications are built and deployed, new challenges must be solved. In his session at @DevOpsSummit at19th Cloud Expo, Sebastian Scheele, co-founder of Loodse, will discuss the implications of containerized applications/infrastructures and their impact on the enterprise. In a real world example based on Kubernetes, he will show how to ...
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
SYS-CON Events announced today that Venafi, the Immune System for the Internet™ and the leading provider of Next Generation Trust Protection, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Venafi is the Immune System for the Internet™ that protects the foundation of all cybersecurity – cryptographic keys and digital certificates – so they can’t be misused by bad guys in attacks...
As the world moves toward more DevOps and Microservices, application deployment to the cloud ought to become a lot simpler. The Microservices architecture, which is the basis of many new age distributed systems such as OpenStack, NetFlix and so on, is at the heart of Cloud Foundry - a complete developer-oriented Platform as a Service (PaaS) that is IaaS agnostic and supports vCloud, OpenStack and AWS. Serverless computing is revolutionizing computing. In his session at 19th Cloud Expo, Raghav...
Is the ongoing quest for agility in the data center forcing you to evaluate how to be a part of infrastructure automation efforts? As organizations evolve toward bimodal IT operations, they are embracing new service delivery models and leveraging virtualization to increase infrastructure agility. Therefore, the network must evolve in parallel to become equally agile. Read this essential piece of Gartner research for recommendations on achieving greater agility.
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...
Fact: storage performance problems have only gotten more complicated, as applications not only have become largely virtualized, but also have moved to cloud-based infrastructures. Storage performance in virtualized environments isn’t just about IOPS anymore. Instead, you need to guarantee performance for individual VMs, helping applications maintain performance as the number of VMs continues to go up in real time. In his session at Cloud Expo, Dhiraj Sehgal, Product and Marketing at Tintri, wil...
Ixia (Nasdaq: XXIA) has announced that NoviFlow Inc.has deployed IxNetwork® to validate the company’s designs and accelerate the delivery of its proven, reliable products. Based in Montréal, NoviFlow Inc. supports network carriers, hyperscale data center operators, and enterprises seeking greater network control and flexibility, network scalability, and the capacity to handle extremely large numbers of flows, while maintaining maximum network performance. To meet these requirements, NoviFlow in...
StarNet Communications Corp has announced the addition of three Secure Remote Desktop modules to its flagship X-Win32 PC X server. The new modules enable X-Win32 to safely tunnel the remote desktops from Linux and Unix servers to the user’s PC over encrypted SSH. Traditionally, users of PC X servers deploy the XDMCP protocol to display remote desktop environments such as the Gnome and KDE desktops on Linux servers and the CDE environment on Solaris Unix machines. XDMCP is used primarily on comp...
SYS-CON Events announced today that StarNet Communications will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. StarNet Communications’ FastX is the industry first cloud-based remote X Windows emulator. Using standard Web browsers (FireFox, Chrome, Safari, etc.) users from around the world gain highly secure access to applications and data hosted on Linux-based servers in a central data center. ...
SYS-CON Events announced today that eCube Systems, a leading provider of middleware modernization, integration, and management solutions, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. eCube Systems offers a family of middleware evolution products and services that maximize return on technology investment by leveraging existing technical equity to meet evolving business needs. ...