Georgetown, DE – October 21, 2014 – PATS Aircraft Systems (PATS) today announced the members of its new Board of Directors, following its acquisition by Moelis Capital Partners (MCP), which closed in June 2014. The new PATS Board represents a wide breadth and depth of aerospace industry experience which will act as the catalyst for PATS’ continued strong performance and significant growth potential.
The newly appointed Board members include:
• Jim Albaugh, former President & CEO of Boeing Commercial Airplanes
• Cameron Burr, Founder & President of JetCapital Group
• Bob Genise, former President & CEO of DAE Capital & Boullioun Aviation Services
• James Johnston, Partner, Moelis Capital Partners
• Kurt Larsen, Managing Partner, Moelis Capital Partners
• Glenn Leonard, Associate with JetCapital, previously co‐Founder of CAVOK
• John Martin, President & CEO, PATS Aircraft Systems
• George Zahringer, Vice President, Moelis Capital Partners
Jim Johnston, a Partner at MCP, said, “We purchased PATS on the back of its strong leadership team, successful track record, heritage of innovation, blue‐chip customer base and dynamic culture. Our job as owners is to surround them with the tools to propel their growth and continued success. We’re pleased to announce such a distinguished Board of industry veterans who will provide insights, expertise and counsel to PATS.”
John Martin, PATS’ President and CEO, added, “It’s hard to imagine having a stronger Board of Directors composition. My team looks forward to collaborating with the Board to capitalize on their collective experience as we write a new chapter in PATS’ long history.”
For more information and detailed biographies of the Board members please contact PATS at +1 302 253 6372.
ABOUT PATS AIRCRAFT SYSTEMS
Headquartered in Georgetown, Delaware, PATS Aircraft Systems, and subsidiary Hollingsead International, have provided auxiliary fuel systems and other integrated systems and specialty components to most aircraft OEMs and first tier aerospace industry suppliers. In addition, PATS is a leading service provider for Boeing Business Jets and other VIP aircraft performing maintenance, modification and VVIP interior completions. The company is a Federal Aviation Administration registered Part 145 repair station authorized to perform any type of maintenance or modification on most narrow‐body commercial airframes and is one of the few certified Boeing Business Jet Service Centers worldwide. In addition to hangar services and manufactured products, PATS offers a comprehensive capability and growing customer list for third‐party engineering and certification services. The company operates out of single campus footprint, including seven hangar facilities on Sussex County Airpark, with over 221,000 ft2 under roof. For more information about PATS, please visit http://www.patsaircraft.com.
ABOUT MOELIS CAPITAL PARTNERS
Moelis Capital Partners (MCP), an affiliate of Moelis Asset Management, is a middle market private equity firm founded in 2007. MCP manages approximately $870 million of committed private equity capital and specializes in traditional private equity investments in the middle market. For more information, please visit www.moeliscapital.com.
