Join The Discussion

 

Trademark closes on 63-acre Waterside site in Fort Worth

Construction begins Oct. 20 on the development, to be anchored by a Whole Foods Market.

read more >

UPDATE: $215M hotel, indoor ski project planned for Grand Prairie

Officials in Grand Prairie are expected later today to announce a $215 million project that will include a Hard Rock Hotel and an indoor ski facility.

read more >

Two Fort Worth council members propose temporary single-family moratorium around TCU

The moratorium would apply to new permits for single-family homes around TCU, and give the city time to figure out what to do with a controversial proposed overlay in several neighborhoods around the university.

read more >

Fresh Ebola fears hit airline stocks

DALLAS (AP) — News that a nurse diagnosed with Ebola flew on a plane full of passengers raised fear among airline investors that the scare over the virus could cause travelers to avoid flying.

read more >

Landscape architect behind several TCU landmarks acquired

The Dallas design firm behind several Texas Christian University projects, as well as Globe Life Park in Arlington and AT&T Stadium, has been acquired by Rvi Planning + Landscape Architecture.

read more >

Denton-based aviation company acquired

 

Avionics International Supply Inc. of Denton, a wholesale distribution and repair services company is being acquired by Aerospace Products International Inc. of Memphis, a portfolio company of private equity firm Resilience Capital Partners, the firm announced Wednesday.


AIS services customers across the spectrum from major airlines to general aviation, according the company’s website. Major airline customers include Northwest Airlines, UPS, Continental Airlines, American Eagle, Frontier, USAir and others. The company’s core business segments are general aviation repair facilities, Fixed Based Operations (FBOs) and corporate customers.


"Adding AIS's product offerings is another step toward our goal of creating the leading independently-owned parts distributor in the aerospace industry," said 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 the Resilience Fund III L.P., 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.
"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," said 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.
AIS has been in business since 1984. No transaction price was announced for the acquisition. - Robert Francis
 

< back

Email   email
hide
Ebola
How worried are you about Ebola spreading?