Avioserv San Diego, Inc. Appoints New Engine Sourcing and Technical Executives

DALLAS, Aug. 27, 2012 /PRNewswire/ -- Avioserv San Diego, Inc. ("Avioserv"), a leading aerospace entity focused on the sales, trading, consignment and leasing of commercial jet engines, and aircraft and engine parts, announced today the hiring of Kevin F. Kelly as Vice President – Engine Sourcing and Shane Stringfellow as Manager – Technical Operations. Kelly brings more than three decades of industry experience in the areas of engine and aircraft sourcing, operations, and asset remarketing while Stringfellow brings over twenty years of industry experience in the areas of Technical Operations and Quality Management. Kelly and Stringfellow will be working closely with the executive team at Avioserv in San Diego and will be opening a new Avioserv office in the Dallas area.

"We are excited to have Kevin and Shane join the Avioserv leadership team and for them to open our Dallas office," said Mark Sampson, Chairman of Avioserv and Managing Partner of Vintage Fund Management. "Their combined broad industry knowledge, years of hands-on understanding of the aviation markets, and technical expertise in the CFM56-3/5/7, CF6-80, CF34, V2500, PW2000 and the PW4000 markets will help Avioserv to continue to grow and prosper for years to come."

"We're excited to be part of the team and are looking forward to continuing to build a world-class company. It's an honor and privilege to join Avioserv," Stringfellow commented. "I look forward to working alongside the team in San Diego and growing the company to its fullest potential," said Kevin Kelly.

Prior to joining Avioserv, Kelly worked for many years in the aviation community at companies such as TPI Aviation Ltd, GE Aircraft Engines (GE Aviation Materials), Tradewinds Aircraft and Engine Services and most recently as the Senior Vice President, Commercial Engines & Aircraft Division at CT Aerospace. Shane Stringfellow's expertise rests in the Technical Operations and Quality Management side of the aviation industry. His work history consists of experience with companies such as AAR, GE On Wing Support, GE Aviation Materials and lastly at CT Aerospace as the Director of Quality, Operations & Technical Services.

Avioserv was founded in 1994 as Willis Aeronautical Services, Inc. (WASI). It was acquired by SR Technics in 2000, and renamed Avioserv San Diego, Inc. in 2001. Since 2001, Avioserv has transitioned from a parts broker to a preferred supplier of serviceable lease engines and engine parts for airlines, airline shops, MROs and other part vendors worldwide.

In March 2007, Avioserv was acquired by Vintage Fund Management, a private equity firm based in Los Angeles, California.

For information on Avioserv: http://www.avioserv.com

About Vintage Fund Management:

Headquartered in Los Angeles, California, Vintage Fund Management is a private investment firm providing structured growth capital in partnership with established lower middle market businesses owned and operated by experienced entrepreneurs. The portfolio companies of Vintage Capital benefit from the decades of private equity and operating experience of the firm's investment principals. Vintage prefers to invest with experienced lower middle market business owners that seek capital solutions and a partnership that allows for the retention of a meaningful equity stake while combining creative capital alternatives and value-added financial and operational assistance that facilitates the future growth and expansion of their business. For more information about Vintage, contact Mark Sampson at (310) 979-9090 ext. 108 or email at [email protected].

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SOURCE Avioserv San Diego, Inc.