ORANGE, CT, May 29, 2014 – Numet Manufacturing Techniques (“Numet”), a manufacturer of precision metal components and assemblies for jet turbine engines, today announced the promotion of Mark Roscio to President and Chief Executive Officer, effective immediately. Also, Scott Kokosa was promoted to Chief Financial Officer.
Mr. Roscio was previously Senior Vice President of Sales and Marketing. Additionally, Mr. Roscio is one of the original owners of Numet who reinvested in the business when it was acquired by Kidd & Company, LLC, a private investment firm, in August 2011. Donald M. Hardie, a Partner at Kidd & Company, said, “We are very pleased with the progress of Numet since our acquisition and Mark’s leadership has been instrumental in continuing to grow the business and to strengthen new and existing customer relationships. Our financial and management resources are available to him as we work together to continue the company’s growth path. Mark has been a terrific partner, and we trust and value his leadership and judgment.”
As a 20+ year industry veteran prior to joining Numet, Mr. Roscio held various positions at aerospace companies, including Pratt & Whitney and Electro Methods. Since joining Numet as an equity partner in 1989, he has helped lead revenue growth, customer diversification and efficiency improvements using lean manufacturing principles, key performance indicators, and a focus on quality and customer service.
Mr. Kokosa joined the Company in 2013 as Vice President of Finance. Mr. Kokosa also has more than 15 years of finance and operations experience and across a variety of manufacturing and service industries.
Numet is a self-release Tier 1 provider of parts and components for jet turbine engines to General Electric Aviation, Pratt & Whitney, and the U.S. Department of Defense. Additionally, Numet also services customers in the overhaul and repair market for both military and commercial aviation and ground power applications. The Company currently specializes in complex turned and 5-axis milled components up to 70” in diameter and assemblies made from extreme temperature alloys such as Waspaloy, Titanium, Cobalt, Inconel, Rene 41, Haynes 242, and Haynes 188. Numet holds ISO-9001 Rev C, AS9100 and Nadcap certifications.
About Kidd & Company
Kidd & Company, LLC is an Old Greenwich, Connecticut-based principal investment firm. KCO traces its roots to 1976 when William Kidd made his first private equity investment. Today, KCO is the private investment arm of the Kidd Family Office engaged in sponsoring private equity transactions in the lower middle market. The firm's focus is on driving superior returns by implementing fundamental strategic and operational improvements to drive above-market growth in revenue and earnings, both organically and through accretive acquisitions. The diverse skill set of its partners allows KCO to bring management, operational, sales and marketing, corporate finance and M&A expertise to bear to substantially increase the total value of its investments.