In past aviation ventures, Ranger Aerospace won similar awards for Deal of the Year in 2009, and Deal of the Decade in 2011 (for the decade ending 2010). Ranger's own divestiture of Ranger International Services Group won 3 Deal of the Year awards in 2012 for the sale of that multi-faceted technical services company to a large engineering firm. The ACL Airshop acquisition was also a finalist in two other categories for the 2016 awards.
"ACL Airshop is a terrific customer-focused company. This prestigious award affirms that we're on the right track, with an excellent enterprise," said Steve Townes, Ranger Aerospace founder and CEO of Ranger Airshop Holdings. "We aim to at least double ACL Airshop's service network in the next five years on behalf of its many airlines clients."
Ranger's plan is to enhance and expand ACL Airshop through strategic investments and organic growth, entering new lines of technical capacity, fostering deep and continuous operational improvements, expanding geographically, and possibly acquiring complementary companies.
This honor continues Ranger's long history of excellence in the aerospace private equity field. Since its founding in early 1997, Ranger's large-scale multi-year and multi-acquisition successes have included "ASIG", Keystone Helicopter, Skytanking GmbH, Composite Technology, Ranger International, the Keystone HeliPlex, InTech Aerospace, and other noteworthy ventures. Ranger Aerospace has managed as many as 4,250 personnel at 56 airports, and has built three separate platform companies to over $100 Million revenues each thus far in its colorful 19 ½ year history.
For more information, and for a detailed list of all of the awardees for the 15th Annual M&A Advisor awards, please visit www.maadvisor.com.
About Ranger Aerospace
Ranger Aerospace is an aviation-specialized private equity holding company that partners with institutional co-investors to acquire, grow, and positively transform aerospace services companies. Its founder, Steve Townes, an engineering graduate of West Point, remains Ranger's CEO. He is also Chairman of a statewide public/private partnership called "South Carolina Aerospace." For more information, visit www.rangeraerospace.com.
About The M&A Advisor
The M&A Advisor was founded in 1998 to offer insights and intelligence on mergers and acquisitions through the industry's leading publication. Today, the firm is recognized as the world's premier "think tank" and leadership organization for M&A, restructuring and financing professionals, providing a range of integrated services and publications.
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.
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SOURCE Ranger Aerospace