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Ex Rangers manager Washington apologizes for 'breaking wife's trust'

IRVING, Texas (AP) — Former Texas Rangers manager Ron Washington says he is embarrassed for 'breaking his wife's trust.'

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Troubled RadioShack files SEC form, talks with 'major vendor'

RadioShack Corp.’s latest filing with the U.S. Securities and Exchange Commission describes recent discussions that “could be beneficial to the financial restructuring of the company.”

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Road Show: City leaders prepare campaign to corral votes for $450 million arena

Fort Worth’s biggest backers of a new arena at the Will Rogers Memorial Center are leaving little to the chance of a “no” vote in a citywide election Nov. 4 to decide on new fees that would fund 15 percent of the $450 million project.

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Texas Health Southwest breaks ground on $40M expansion

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Overland Sheepskin opening Sundance Square store in Fort Worth

The store is expected to open by the holidays, Sundance said.

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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
 

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What do you think of the new plans for a new Will Rogers arena and changes at the Convention Center?