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Ranger Aerospace
is an active player in the consolidation trends that are affecting the aviation industry. 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., in Dallas TX ("CTI"). Revenues grew from under $40 Million to approximately $125 Million in less than 4 full 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. Services have included fueling, fuel depot management, ground handling, cargo operations, line service, passenger / bag services, and other technical operations. Ranger predecessors have 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.
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. PLEASE NOTE:
Ranger is now actively seeking new "platform companies" in other aviation, aerospace, and airlines services segments outside of the rotorcraft field. 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.
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