Ranger International Names 3 Business Development Leaders
November 30, 2009
GREENVILLE, S.C. – November 30, 2009--Ranger International Services Group, a private equity consolidator specializing in government services, has appointed three senior executives to lead the coordinated business development efforts for Ranger International and its two subsidiaries, CAV International and US Logistics.
These three industry veterans are responsible for the continued growth of the combined government contracting enterprise in its served markets of airfield services, base logistics, vehicle overhauls and RESET, technical staffing, and specialized programs. The operations and marketing tempo of both companies has recently increased, and is expected to accelerate in the coming years with these types of leadership additions.
Ranger International invested in the airfield services sector in January 2009 with the majority buyout of CAV International Inc., which specializes in airfield services and base logistics. In 2008, CAV performed over 625,000 man-hours of quality-driven professional services, handled over 18,000 USAF airplanes across 19 time zones, processed over 850,000 in-transit military passengers, managed over 140,000 tons of cargo, and ranked 573 on the prestigious “Inc. 5000” for its rapid growth in the preceding three years.
Ranger added to its government services portfolio with the August 2009 acquisition of US Logistics Inc. US Logistics is a government outsourcing contractor specialized in aircraft technical services, tactical vehicle overhauls and repairs, technical staffing and base logistics. US Logistics has skilled personnel deployed at overhaul depots and maintenance centers in the United States and overseas, working directly for Prime Contractors and for the U.S. government. US Logistics has completed various projects in 8 countries and 38 states, and has won numerous awards for superior quality.
US Logistics and CAV (pronounced as in “Cavalry”) together employ approximately 1,000 people.
Steve Townes, CEO of Ranger International Services Group and founder of Ranger Aerospace LLC said: “These three leaders have decades of combined experience in this arena, and the ‘Right Stuff’ to lead the charge for aggressive revenue growth.”
Ranger is a privately held investment and management holding company that partners with larger private equity institutions to acquire and grow companies in aviation services and aerospace/defense support operations. Ranger and its co-investors add value to acquired companies via seasoned veterans experienced in an array of aerospace/defense operations, business services, and private equity. The head office is in Greenville S.C. For more information, please visit www.rangeraerospace.com, www.cavint.com and www.us-L.com.
Forward Looking Statements: The Company from time to time may discuss forward-looking information. Except for factual historical information, all forward looking statements are estimates by the Company’s management and are subject to various risks and uncertainties that are beyond the Company’s control and may cause actual results to differ materially from management’s expectations.