McKechnie Aerospace Acquires American Turbo Systems

Dec 19, 2007 - McKechnie Aerospace announced today that it has acquired American Turbo Systems, the Tucson, AZ-based FAA Certified Repair Station (#GV7R40J) for commercial and military APUs as well as a manufacturer of military ground carts. According to Tariq Jesrai, McKechnie Aerospace CEO, American Turbo Systems will continue to operate as American Turbo Systems, becoming part of its subsidiary Hartwell Corporation's aftermarket support group. Hartwell, a leading latching system and component manufacturer, has been ramping up its traditional and non- traditional commercial aftermarket support activities over the previous three years.

The acquisition comes less than a month after McKechnie Aerospace announced that it was acquired by JLL Partners for a reported $855.6 million.

Mr. Jesrai noted that, "JLL is a dynamic company, and in the earliest stages of our talks made it clear that part of the charter for McKechnie Aerospace was for growth through intelligent acquisition. American Turbo Systems has excellent capabilities and a fine reputation within its niche. With the additional long-term support made possible by the acquisition, Hartwell will now be able to move to the next level in terms of product and support."

Founded in 1992, American Turbo Systems is a leading APU repair and overhaul facility and also manufactures and repairs military ground aircraft support equipment. American Turbo Systems is a FAA certified repair station (license #GV7R40J) and also holds a JAA acceptance certificate and a DGAC license. The company supports a wide range of APUs with comprehensive unit and component repair, including the specialized repair of first and second stage titanium impellers, compressor rotors and turbine rotors.

Headquartered in Placentia, CA, Hartwell Corporation is a member of the McKechnie Aerospace Structures Group. The company is an acknowledged leader in the design and manufacture of quick access latches, latching systems, and complex door and other assemblies for aircraft.

Hartwell's aftermarket group supports the world's commercial operators, airframe OEMs, as well as systems manufacturing with supply-chain services and the rapid repair and overhaul of selected aircraft-related components and systems. McKechnie Aerospace is comprised of 12 companies that are niche leaders in the design, manufacture and logistic support of a wide range of structural components, systems, and assemblies for the aerospace industry.