Architect Equity Acquires the Aerospace Composites Division of AAR; Business Renamed Aeromatrix Composites
LOS ANGELES–(BUSINESS WIRE)–Architect Equity (“Architect”) announced today that it has acquired the Aerospace Composites Division of AAR Corporation. The division is now doing business as Aeromatrix Composites but will continue to be based in Clearwater, Florida. Aeromatrix designs, fabricates and assembles composite products and solutions for customers in the commercial aerospace and defense industries.
Dionisio Lucchesi, Managing Director of Architect Equity, said, “We are pleased to complete the acquisition of Aeromatrix Composites and we are excited to partner with the management team. Architect looks forward to bringing our financial and operational resources to fully support the company’s growth plans.”
Ben Vargas, CEO of Aeromatrix Composites, commented, “We are excited to enter this next phase with Architect Equity to build upon the company’s successful history of designing and manufacturing complex aerospace products. We remain very committed to delivering solutions to our long-standing customer base and to pursue new opportunities in the composites manufacturing space to drive additional growth.”
“Architect was a valued partner throughout the process,” said Brian Sartain, Senior Vice President of Repair & Engineering at AAR. “The company’s corporate divestiture expertise and ability to execute with speed and certainty allowed for a smooth transaction. The spirit of teamwork with which the transaction was carried out will ensure that Aeromatrix Composites continues to seamlessly serve its customers.”
Architect Equity is a private investment firm comprised of an integrated team of investors and operators that provide immediate liquidity solutions to public and private business owners. Under Architect’s ownership, target companies benefit from industry relationships, operational resources and an M&A platform to support further company growth.
About Aeromatrix Composites
Aeromatrix Composites is a leading aerospace & defense composites supplier with capabilities to support complex customer requirements throughout all phases of design, engineering, manufacturing and aftermarket support. Aeromatrix Composites supports both the commercial and defense industries in the fixed and rotor-wing aircraft market, supplying Engineering solutions and manufactured products for interiors and structural components. Aeromatrix Composites employees roughly 170 employees and is headquartered in Clearwater, Florida. The business was originally founded in the mid-1980’s, known as ATR (Advanced Technology & Research).
To learn more about Aeromatrix Composites, please visit www.aeromatrixcomposites.com.
About AAR Corporation
AAR is a global aerospace and defense aftermarket solutions company with operations in over 20 countries. Headquartered in the Chicago area, AAR supports commercial and government customers through two operating segments: Aviation Services and Expeditionary Services. AAR’s Aviation Services include Parts Supply; OEM Solutions; Integrated Solutions; and Maintenance, Repair and Overhaul (MRO) Services. AAR’s Expeditionary Services include Mobility Systems and Composites Manufacturing operations.
To learn more about AAR Corporation, please visit www.aarcorp.com.
About Architect Equity
Architect Equity is an evergreen investment fund focused on acquiring and managing businesses in the lower middle market. The firm pursues companies that exhibit the opportunity for improvement and growth and can benefit from Architect’s capital base, industry relationships and operational resources. Based in Los Angeles, California, Architect was formed in 2018 and is comprised of a team of investors and operators that have over 100 years of combined experience in successfully acquiring and managing companies across a range of industries and market cycles.
To learn more about Architect Equity, please visit www.architectequity.com.
For additional information, please contact Dionisio Lucchesi at (310) 504-3760 or via e-mail at [email protected]