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Major General Chuck Swannack Joins Ranger International as C.O.O. of its U.S. Logistics Subsidiary

March 01, 2010

GREENVILLE, S.C.–(EON: Enhanced Online News) – Ranger International Services Group, a private equity consolidator specializing in government services, announces the appointment of Major General (US Army, retired) Chuck Swannack as the Chief Operating Officer of its wholly owned subsidiary US Logistics. US Logistics is a government outsourcing contractor specialized in tactical vehicle overhauls and repairs, technical staffing, base logistics, and aircraft technical services. General Swannack retired from the US Army in 2005 after 33 years of service, culminating as the Commander of the fabled 82nd Airborne Division at Fort Bragg, North Carolina. As the new Chief Operating Officer of US Logistics, Swannack will help guide the continuing aggressive growth of that award winning company, with constant vigilance on quality, safety, and F.A.R. compliance. US Logistics has strong backing from large institutional shareholders, and a deeply experienced management team at multiple levels which Swannack now joins in the COO role.

MG Swannack served in Operation Iraqi Freedom and led elements of the division in the advance to Baghdad and in the succeeding year in western Iraq. MG Swannack is a 1971 graduate of the United States Military Academy at West Point and served in progressive leadership and staff positions throughout his distinguished career. Since leaving active duty, MG Swannack has mentored US Army Reserve and Army National Guard senior military leaders in soon to be deployed units to help prepare them for the rigors of combat in both Iraq and Afghanistan.

Chuck Swannack said: “I am proud and enthused to join this fine organization. Our commitment to our customers and to our own people is simple, to be the best we can be every day. We’re on the move, we’re growing steadily, and US Logistics is very good at its job. I met most of our major customers just last week at an AUSA gathering, and they all know how committed we are to serving their technical services needs with high quality and cost-effective pricing.”

Steve Townes, CEO of Ranger International Services Group and founder of Ranger Aerospace LLC said: “Chuck Swannack brings an extraordinary level of leadership power to our management group. Our employees and customers can depend on Chuck to help grow our technical capabilities and manage the reliable delivery of our services.”

US Logistics provides technical and labor services in support of US Department of Defense contracts worldwide, with hundreds of its personnel deployed overseas. In addition to tactical wheeled and tracked vehicle MRO services, US Logistics also services aircraft programs. USL’s aircraft programs include corrosion control, wash services, transient alert, maintenance and operations support, technical labor services, and contract field teams. In an array of challenging contracts over its history, US Logistics has completed projects in eight countries and 38 states. The company maintains a lean cost model, and is able to offer its Government or Prime Contractor customers an absolute cost advantage combined with measurably superior quality metrics on a consistent and reliable basis.

The founder and CEO of US Logistics, Mike Boyce, said to all of his employees: “We are fortunate to have a leader of Chuck’s caliber and experience come aboard with us. Our customers know him and respect him. He knows every aspect of the heavy equipment on which we perform technical services, and every nuance of serving the warfighter.”

Ranger added to its government services portfolio with the August 2009 acquisition of US Logistics Inc. Ranger International earlier in 2009 also acquired CAV International, another government technical services company specializing in airfield operations, aircraft ground handling, air cargo, and base logistics support. US Logistics and CAV together employ approximately 1,000 people, and a third business unit, Ranger TechWorks, was recently added as an Engineering Services subsidiary. The companies are growing steadily, and Ranger International is seeking related growth ventures, new market channels, and possibly additional acquisitions in the government technical services sector.

Ranger, the parent company, 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, engineering, business services, TQM, marketing, and private equity. The Ranger headquarters office is in Greenville S.C.

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.

SOURCE: Ranger International Services Group