Strategy Development/Deployment, Acquisition Support and
Business Development for the Aerospace & Defense Industry
AeroAdvisory, LLC was formed with the objective of providing a highly-focused, tailored approach to its clients' needs in the areas of strategy development and deployment, business development, and merger/acquisition activity.
Executive Responsibilities and Projects
Strategic Advisor – March 2024 – Present
Supporting a private equity fund on two buy-side due diligence efforts. One is a corporate carve-out of an aerospace composite specialty supplier, and the second business is a composite supplier focused on space and the UAV market.
Board Member – Aviation Technical Services, Inc. 2013-Current
ATS completed a successful ownership transition on October 1, 2015, with JLL Partners taking a significant ownership interest, while management retained a large stake in the business. Larry Resnick will remain on the Board and active in the business, supporting its growth strategy. He originally joined the Board after helping lead the management buy-out in June 2013.
ATS is one of the largest third-party, transport aircraft maintenance, repair and overhaul (MRO) providers in North America. Since opening with five employees in 1970, ATS has grown to over 1,500 employees who work together to support a global customer base. ATS is one of the largest suppliers of 737 airframe maintenance in the world. On average, ATS has redelivered 350 aircraft per year for the last 5 years. Our components group, augmented by the acquisition of Texas Air Composites in 2014, delivers approximately 5,000 components annually to more than 100 customers.
Merger and Acquisition Advisor – The Gill Corporation 2018-2024
AeroAdvisory, LLC is working with The Gill Corporation ( Gill Corporation ) to identify and acquire strong, profitable businesses that are consistent with Gill’s strategy to grow its advanced composite product offerings for large and regional commercial aircraft, business jets and military transports, helicopters and fighters. For the commercial and regional aircraft market in particular, we are interested in companies that support OEM production and the aftermarket. Companies with some level of intellectual property and proprietary products/processes are preferred.
Strategic Advisor – Royal Engineered Composites August 2019-2024
Working with the Senior Leadership team and the Board of Directors, provide guidance and support for activities related to business development, growth strategy and long-range planning.
Chairman & Board Member – Cadence Aerospace 2012-2017
Appointed to the Board in May 2012 after supporting Court Square Capital’s purchase of PRV Aerospace, renamed Cadence Aerospace in 2013. Appointed CEO in March 2013 after the retirement of the prior CEO. Cadence completed its first acquisition under Court Square ownership with the purchase of Astro Spar, Inc. AeroAdvisory led the due diligence effort and was the primary interface for the sell-side advisor, Janes Capital Partners. 2013 focused on building a management team capable of fulfilling Cadence’s strategy of becoming one of the dominate machining service suppliers to the aerospace industry and tripling revenues under Court Square’s ownership through a combination of organic and external growth. Transitioned to Chairman in December 2014 after completing the rebuilding of the leadership team, securing several significant new contracts with our largest customers, developing a strong continuous improvement culture throughout Cadence and successfully rebranding the company.
Member Board of Directors – LMI Aerospace, Inc. – 2017
Elected to the Board of Directors, effective 1/1/2017. Part of the Board's subcommittee which reviewed the unsolicited offer from Sonaca to acquire LMI Aerospace. The transaction closed in June 2017, resulting in LMI Aerospace becoming a private company, and provided shareholders a significant stock price premium.
Senior Advisor – Board of Directors – LMI Aerospace, Inc. – 2011-2016
Working with the Senior Leadership team and the Independent Directors, provide guidance and support for activities related to business development, design/build infrastructure, acquisition strategy/implementation and team building.
Board Member - Nobles Worldwide, Inc. – 2011-2014
Nobles Worldwide was sold by Inverness Graham Investments in March 2014 to Levine Leichtman Capital Partners, concluding a successful three year ownership period during which the Company achieved double digit growth in revenue and EBITDA. In addition, under Inverness Graham, the Company was transformed from a single product, composite chute company to a full service system design and integrator. Nobles Worldwide is recognized around the world for its superior durability, cutting-edge designs and rigorous quality assurance. The lighter, stronger, more flexible materials of their ammunition chutes, magazines, gun mounts and weapon stations are second to none‹extending the life of their products and most importantly, saving lives.
Nobles Worldwide is the largest supplier of ammunition feed systems to the U.S. military. The Nobles name is on nearly every major weapon system in the U.S. military inventory and on over 40 weapon platforms in more than 30 countries.
All Metals Processing acquisition of Embee from Triumph Group, Inc. – 2016-2017
AeroAdvisory, LLC supported All Metals Process and Watson Family Investments in their acquisition of Triumph Processing - Embee Division, Inc. from Triumph Group, Inc. The process spanned eleven months and involved several complex issues. Embee generated $42 million in revenue for the fiscal year ended March 31, 2017 and is a significant addition to All Metals Processing's capabilities, customers base and revenue.