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
DX World EXPO, LLC, a Lighthouse Point, Florida-based startup trade show producer and the creator of "DXWorldEXPO® - Digital Transformation Conference & Expo" has announced its executive management team. The team is headed by Levent Selamoglu, who has been named CEO. "Now is the time for a truly global DX event, to bring together the leading minds from the technology world in a conversation about Digital Transformation," he said in making the announcement.
"Space Monkey by Vivent Smart Home is a product that is a distributed cloud-based edge storage network. Vivent Smart Home, our parent company, is a smart home provider that places a lot of hard drives across homes in North America," explained JT Olds, Director of Engineering, and Brandon Crowfeather, Product Manager, at Vivint Smart Home, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that Conference Guru has been named “Media Sponsor” of the 22nd International Cloud Expo, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. A valuable conference experience generates new contacts, sales leads, potential strategic partners and potential investors; helps gather competitive intelligence and even provides inspiration for new products and services. Conference Guru works with conference organizers to pass great deals to gre...
DevOps is under attack because developers don’t want to mess with infrastructure. They will happily own their code into production, but want to use platforms instead of raw automation. That’s changing the landscape that we understand as DevOps with both architecture concepts (CloudNative) and process redefinition (SRE). Rob Hirschfeld’s recent work in Kubernetes operations has led to the conclusion that containers and related platforms have changed the way we should be thinking about DevOps and...
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develop...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, led attendees through the exciting evolution of the cloud. He looked at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering m...
The next XaaS is CICDaaS. Why? Because CICD saves developers a huge amount of time. CD is an especially great option for projects that require multiple and frequent contributions to be integrated. But… securing CICD best practices is an emerging, essential, yet little understood practice for DevOps teams and their Cloud Service Providers. The only way to get CICD to work in a highly secure environment takes collaboration, patience and persistence. Building CICD in the cloud requires rigorous ar...
Companies are harnessing data in ways we once associated with science fiction. Analysts have access to a plethora of visualization and reporting tools, but considering the vast amount of data businesses collect and limitations of CPUs, end users are forced to design their structures and systems with limitations. Until now. As the cloud toolkit to analyze data has evolved, GPUs have stepped in to massively parallel SQL, visualization and machine learning.
"Evatronix provides design services to companies that need to integrate the IoT technology in their products but they don't necessarily have the expertise, knowledge and design team to do so," explained Adam Morawiec, VP of Business Development at Evatronix, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. In his session at @BigDataExpo, Jack Norris, Senior Vice President, Data and Applications at MapR Technologies, reviewed best practices to ...
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
"ZeroStack is a startup in Silicon Valley. We're solving a very interesting problem around bringing public cloud convenience with private cloud control for enterprises and mid-size companies," explained Kamesh Pemmaraju, VP of Product Management at ZeroStack, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Large industrial manufacturing organizations are adopting the agile principles of cloud software companies. The industrial manufacturing development process has not scaled over time. Now that design CAD teams are geographically distributed, centralizing their work is key. With large multi-gigabyte projects, outdated tools have stifled industrial team agility, time-to-market milestones, and impacted P&L stakeholders.
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Enterprises are adopting Kubernetes to accelerate the development and the delivery of cloud-native applications. However, sharing a Kubernetes cluster between members of the same team can be challenging. And, sharing clusters across multiple teams is even harder. Kubernetes offers several constructs to help implement segmentation and isolation. However, these primitives can be complex to understand and apply. As a result, it’s becoming common for enterprises to end up with several clusters. Thi...