Ranger Aerospace is an active player in the consolidation trends that are affecting the aviation industry. Since early 1997, we have sparked hundreds of millions of dollars in buying, selling, and financing transactions. We have added value in each investment by bringing the accomplished Ranger team to bear on operational improvements. We subscribe to the "Good to Great" incremental approach to business transformations, combined with aerospace style "TQM" and numerous other process enhancements. As an investor in "Keystone Ranger Holdings, Inc." Ranger Aerospace was the leading management participant and shareholder in the company's strategy for acquiring market leading helicopter services companies. The platform vehicle for this effort was comprised of Keystone Helicopter Corporation, near Philadelphia PA, and Composite Technology Inc., "CTI" in Dallas TX. Revenues grew from under $40 Million to approximately $125 Million in 4 fast paced years of Ranger efforts. We tripled employment in 4 years, to 645 consistently well trained people. Annually we performed about 700,000 manhours of technical services and engineering on hundreds of new or retrofitted turbine helicopters, engines, and components, both commercial and military. We flew roughly 16,000 EMS missions per year in our life-saving fleet operations. We consistently pursued a quality-centered strategy, emphasizing and investing in continuous improvement programs that enhanced customer service, fleet reliability, safety, quality, and FAR compliance.
Ranger Aerospace and its subsidiaries and predecessors have operated aviation services businesses in as many as 56 cities in North America, Europe and the Bahamas, servicing over 2.4 million commercial flights per year. Prior to Keystone, we acquired and aggressively grew Aircraft Service International Group, Inc. ASIG’s services included fueling, fuel depot management, ground handling, cargo operations, line service, passenger / bag services, and other technical operations. Ranger’s subsidiaries operated across 12 time zones, employing over 4,100 persons.
Ranger is an aerospace services investor company, seeking to acquire profitable, high quality companies in several segments of the aviation service industry on a worldwide basis. We are a hybrid mix between private equity and aerospace expertise. Ranger practices a serious, solid approach towards Total Quality Management and vigilant safety in all of its operations. Some past Ranger business units have been ISO-9000 and AS-9100 qualified, and one of our current holdings has consistently achieved FAA Diamond Awards for high levels of training investment over multiple years.
Ranger's acquisition criteria will be shared with serious inquirers, but these criteria include: revenues above $10 million or EBITDA above $2 million; must be consistently profitable; must have strong management; good strategic fit with Ranger objectives and other Ranger operations. Smaller companies will be considered if they command a strong niche. We are also capable of stepping up to large transactions, given the strength of the institutional shareholders who typical join us as deal partners. PLEASE NOTE: Ranger is now actively seeking new "platform companies" in other aviation, aerospace, and airlines services segments outside of the rotorcraft field. Our interests include, but are not limited to: Logistics & Cargo Services; Airfield Service Operations; Aftermarket Parts & Components Overhaul/Re-Sale; Government Outsourcing Services; Precision Manufacturing. Management teams, individual owners, or parent companies seeking to recapitalize an operation should feel free to contact us for acquisition. Ranger also offers itself as an ideal partner to the Private Equity community, for the management of their portfolio operations, or a joint acquisition of a new platform vehicle for consolidation.
Most
Current "Realized" Case Study: Ranger and its venture capital co-investors
began actively seeking acquisitions in the Helicopter Services sector
in late 2001. On January 4, 2002, a Ranger-led venture consortium,
organized as "Keystone Ranger Holdings, Inc.", acquired
Keystone Helicopter Corporation. Keystone is a leading air-medical
and helicopter technical services company headquartered near Philadelphia,
with a large fleet of heavy jet turbine helicopters operating at 32
locations in a multi-state area in the Northeastern USA, plus a broadly
capable maintenance and engineering base in West Chester, PA. With
the goal of segment consolidation, as of the Fall of 2005, Ranger
had assembled five large institutional investor groups in the helicopter
enterprise, built large new facilities for rotorcraft technical services,
and acquired Composite Technology, Inc. as part of the continuing
corporate development effort. Under Ranger's management and leadership,
the business was tripled from under $40 Million to over $125 Million
in less than 4 years, and total Enterprise Value was approximately
quadrupled. Institutional IRR on equity was exceptionally strong for
any aviation enterprise—in excess of 45%.
Our Value Proposition is Timeless:
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Strong Reputation and Brand Equity |
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Ranger’s “signature” techniques such as Metrics Dashboards, Ops Reviews, and People Initiatives |
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Management experts who think and perform like Owners |
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Value-Oriented strategy for buy-and-build acquisitions |
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Recognition in the Capital Markets and Business Press as an Accomplished Group |
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Robust underlying Industry Fundamentals in a large and steadily growing global sector |
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Consolidation trends in Highly Fragmented Sub-Sectors |
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Deal Pipeline and industry “reach” |
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A real knack for accelerated growth through aggressive marketing and teaming |
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“Good to Great” leadership techniques |
Ranger Aerospace -- Value Creation Methods
| Buy
right—modest multiples |
Enhance
quality & branding |
| Boost
growth aggressively |
Strategic
multiples as a result |
| Numerous
relentless operational improvements |
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We are a value adding management and investment company, creating superior shareholder returns through innovative leadership, quality enhancements, and aggressive acquisitions, all aimed at top tier segment consolidation in selected aviation services businesses. We are actively seeking additional acquisitions and mergers in any segment of the aviation services and aerospace support sectors where a consolidation can be achieved.
Ranger's management team as a group also represents substantial ownership in the enterprise, and Ranger has shared equity and stock options with key leaders in subsidiary operations as well.
SIC Codes and NAICS Codes, Past and Present
Ranger Aerospace (along with our affiliates and subsidiaries) has accomplished numerous business activities in its past and current operations that qualify under Federal acquisition standards as “NAICS” Code-defined capabilities. NAICS means “North American Industry Classification System” and refers to Federal procurement standards and definitions. NAICS began replacing SIC codes in 1997. Click Here to view a complete list of NAICS & SIC codes.