Aviation aftermarket parts supplier AvAir is under new ownership. Backed by a globally recognized investment group, AvAir President Mike Bianco is now CEO. This came about via a management-led buyout with a new equity partner, Corrum Capital.
Bianco’s bold leadership will pair nicely with Corrum Capital’s institutional expertise in the transportation and aviation industries. Consequently, the partnership will forge an aggressive, yet strategic path forward intended to fuel growth and expand AvAir’s global reach.
As part of the buyout, Jason Cipriani, co-managing partner of Corrum Capital Management and Michael Robinson, senior advisor to Corrum Capital Management, will join AvAir’s board of directors. They intend to work closely alongside Bianco and his team. Finally, AvAir founder Robert Ellis will remain with the company in an advisory capacity. Ellis will serve as a member of the company’s board of directors. Indeed, Ellis will be instrumental in supporting a successful rollout of the renewed strategic vision for the expanding enterprise in this role.
