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Janes Capital Partners Announces the Sale of AAXICO to Kirkhill Aircraft Parts Company (KAPCO)

Dépèche transmise le 19 mars 2012 par Business Wire

Janes Capital Partners Announces the Sale of AAXICO to Kirkhill Aircraft Parts Company (KAPCO)

IRVINE, Calif.--(BUSINESS WIRE)--Janes Capital Partners is pleased to announce the merger of Kirkhill Aircraft Parts Company (“KAPCO”) and AAXICO. Founded in 1952, AAXICO is a leading distributor of aerospace components to the global commercial airline industry. Headquartered in Miami, FL with worldwide sales offices and distribution centers in China, Singapore, U.K. and U.S., AAXICO manufactures and distributes a variety of aviation aftermarket products covering virtually all aircraft systems.

Andrew Todhunter, KAPCO’s CEO and President, outlined the fit between the two organizations: “AAXICO enjoys a reputation for quality and service as well as a shared philosophy of integrity and commitment to employees and partners. Along with a worldwide presence and expanded breadth of products, the combination of the two companies brings a wealth of knowledge and continued dedication to providing exceptional products and service to customers around the globe.”

AAXICO’s CEO, Bill Korth, noted: “We are excited to complete this transaction as the increased strength of offerings this combination brings is a great benefit to our customers and suppliers alike. We are also very grateful to Janes Capital Partners for the assistance they provided throughout this process. Their M&A experience, professionalism and insights were instrumental in completing this transaction and creating a successful outcome for all involved.”

Janes Capital Partners served as exclusive financial advisor to AAXICO, Inc. Terms of the transaction were not disclosed.

About Janes Capital Partners

Based in Irvine, CA, Janes Capital Partners is a leading investment bank focused solely on the Aerospace and Defense industry. The firm provides mergers and acquisition advisory services, executing growth strategies and liquidity events for financial sponsors, private companies and publicly-traded organizations. The firm includes a cadre of former bulge bracket bankers, successful A&D executives, skilled engineers and decorated military personnel. Members of Janes Capital have completed over 40 successful A&D transactions and over $7 billion in closed transaction value. Please visit our website, www.janescapital.com, for more details or contact the undersigned, Stephen Perry, Managing Director, Rick Phillips, Managing Director or Jason Wright, Vice President, at (949) 769-3323 for more information.

Securities transaction conducted through JCP Securities, Inc., member FINRA and SIPC.