CORE Industrial Partners (CORE) has completed an investment in Aviation Concepts, a provider of mission-critical, rotable components to the aftermarket commercial aviation industry. Headquartered in Sunrise, Florida, Aviation Concepts has a global reach via sophisticated logistics partnerships.
John May, Managing Partner of CORE, said, “With more than 30 years of experience, Aviation Concepts and its management team have developed and maintained a partnership-focused approach within the commercial aviation space. The commercial aviation parts and MRO sector has been a key investment thesis for CORE, and now is the time for us to execute on our vision by making a platform investment in Aviation Concepts, which we believe has a differentiated model supported by strong industry tailwinds.”
Founded in 1991 by Dean Wood, President & CEO, Aviation Concepts offers high-quality, nose-to-tail used serviceable material (USM) aircraft parts and components with applications across a variety of aircraft fleets. The company provides quality products, high-level customer service and proven reliability to its global customer base of commercial and freight airlines, MRO organisations and distributors via its broad product portfolio.
“For more than 30 years, we have focused on providing customers with reliable, high-quality parts in a timely fashion,” said Wood. “We believe our team has done a tremendous job building Aviation Concepts into a unique player in the commercial aviation industry and I look forward to partnering with CORE for the next chapter of growth for the business.”
Jason Fulton, Partner at CORE, said, “Aviation Concepts is a niche player in a highly attractive industry that has differentiated itself with its strong customer relationships and diverse suite of products. We are excited to partner with Dean and the entire Aviation Concepts team as we leverage our industry knowledge, resources and experience to help expedite the Company's next stage of growth, expanding its value proposition and market reach through both strategic initiatives and complementary acquisitions.”
Bob Nardelli, Senior Operating Partner at CORE, will become Chairman of the Aviation Concepts Board of Directors.
