ORANGE, CT, November 5, 2015 – Numet Manufacturing Techniques (“Numet”), a manufacturer of precision metal components and assemblies for jet turbine engines, today announced that it has hired Tim Ulles as President & CEO.
Mr. Ulles was previously General Manager of Chromalloy Gas Turbine Corporation’s Newnan, GA, LaGrange, GA and Dallas, TX operations, which repairs engine components and manufactures new components for the aircraft engine and industrial gas turbine markets. Prior to Chromalloy Gas Turbine Corporation, Mr. Ulles worked at Barnes Aerospace, where in 2005 he was Employee of the Year for generating record sales and profits. Mr. Ulles began his career in the corporate finance function at Control Data Corporation, and has worked at Wang Laboratories, General DataComm Industries, and MacDermid.
Mr. Ulles replaces Mark Roscio, who will remain actively engaged with Numet as a Vice Chairman and Board member. Mr. Roscio was 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 with Kidd & Company, said, “Mark has been a terrific partner and leader of the business. He has done an exceptional job of growing the business and strengthening relationships with new and existing customers. We very much value our ongoing partnership with Mark and Numet will continue to benefit from his knowledge and experience during the transition and from his ongoing position as a Vice Chairman and member of the Board of Directors.”
“I am delighted to welcome Tim to the Numet team,” Mr. Roscio stated. “He has substantial experience successfully scaling precision machining businesses, deep knowledge of the aerospace industry, and fits very well with our collaborative, results oriented culture. Tim will enable Numet to realize the extraordinary growth opportunity in front of us, and I look forward to helping Tim and Numet achieve our long term strategic goals. ”
About Numet
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.
