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PRESS RELEASE

Odyssey Investment Partners Finalizes Acquisition of
Aero Precision Industries, LLC

LIVERMORE, Calif., August 23, 2016


Aero Precision Industries, LLC (“Aero Precision”) announced that Odyssey Investment Partners, LLC has been granted all regulatory approvals and has now officially acquired Aero Precision Industries.

The acquisition encompassed the following Greenwich AeroGroup Companies; Aero Precision, based in Livermore, California, DAC International Inc., located in Austin, Texas and NASAM Inc., located in South San Francisco, California.

The current Aero Precision management team, led by Frank Cowle, was an important element of Odyssey’s interest in the company and will continue to lead the business. We are excited about our new partnership with Aero Precision. We strongly believe this relationship will be additive to the business as we look to provide even better products and service to our existing OEM partners” said Bill Hopkins, Co-President and Managing Principal at Odyssey Investment Partners, LLC.

We see this as a very positive step in Aero Precision’s growth as an aftermarket distributor and worldwide service provider. We look forward to bringing the benefits of this arrangement to our customers in the military, commercial and space segments” said Aero Precision’s President Frank Cowle.

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About Aero Precision

Aero Precision is a leader in aerospace distribution and services and a premier worldwide stocking distributor of aircraft OEM parts, and its officers oversee Aero Precision Holdings LP, a holding company for DAC International Inc., NASAM Inc., and other Aero Precision affiliate companies. With over 20 years of reliability, quality products and customer service, Aero Precision facilitates the purchasing and R&OH process by sourcing all military aircraft parts requirements under its unique logistic support model. Aero Precision has stocking distribution agreements with Honeywell, UTAS (Hamilton Sundstrand), CEF, Parker, Pall, Eaton, Texstars, Champion Aerospace, Zodiac Aerospace, Crane Aerospace, Marvin Test Solutions, Essex Industries and other strategic OEM partners for various product lines and supports 60+ countries worldwide. News and information are available at www.aeroprecision.com.

About DAC International Inc.

DAC International is a worldwide distributor of avionics, test equipment, data converters and aviation supplies for general, corporate, military, regional and commercial aircraft. The company has an FAA approved manufacturing and development facility, holding several Supplemental Type Certificates, Parts Manufacturer Approvals and Technical Standard Orders. Products are compliant with DO-160, MIL-STD-810C and MIL-STD-461F. Manufactured goods containing software meet the objectives of DO-178B, Levels A, B, C, D or E. For more information, go to www.dacint.com.

About NASAM Inc.
NASAM is an international distributor of high tech electronics, concentrating in the Japan market. Our products include military/defense equipment; aircraft support equipment and products, and telecom-related components. We have provided complete Export License processing capabilities since 1980.Our quality certifications include AS 9120:2009, ISO 9001:2008, and MSJ4000 by Mitsubishi Heavy Industries. For more information, go to www.nasam.com.

About Odyssey Investment Partners, LLC
Odyssey Investment Partners, LLC, with offices in New York and Los Angeles, is a leading private equity investment firm with an established track record of partnering with skilled managers to transform middle-market companies into more efficient and diversified businesses with strong growth profiles. Odyssey makes majority controlled investments in industries with a long-term positive outlook and favorable secular trends. Within the aerospace industry, the Firm has a 20 year history of investing in proprietary parts businesses, MRO repair companies and aftermarket distributors. For further information about Odyssey Investment Partners, LLC, please visit www.odysseyinvestment.com.

 

For more information
Ertugrul Turhal | 925.583.9454 | ETurhal@aeroprecision.com