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Venture Aircraft
Acquires Assets Of Swift-Cor Aerospace By Shane Nolan |
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April 17, 2012 - Venture Aircraft, a leading supplier to
the aerospace industry, has acquired certain assets of
fellow manufacturer Swift-Cor Aerospace, Inc. Venture
has acquired certain of Swift-Cor’s assets and
manufacturing facilities in California and Kansas, and
will now operate 4 plants, two in Gardena, CA, one in
Compton, CA and one in Wichita KS, under its new name
Impresa Aerospace, LLC.
Jim Dauw, CEO of Impresa Aerospace describes the
acquisition: “The creation of Impresa was a ‘golden
opportunity.’ The companies were similar in many ways,
including the production lines, work ethic, work
statements, and the customer base. When you consider the
state of the industry, with demanding delivery schedules
and increasing pressure on costs, building Impresa based
on the strongest aspects of Venture and Swift-Cor just
made sense.”
Impresa’s history as a supplier to the Tier 1 and Tier 2
aerospace industry dates back to 1973 (then operating as
Venture). The company boasts major contracts with
Boeing, Spirit Aerosystems, Sikorsky, Lockheed Martin
and Gulfstream. Notable commercial programs include the
Boeing 787, 777, 747, 737; Airbus A330 and A340; and
Gulfstream G650. Impresa supports various
defense-related programs, including Boeing’s Apache
Helicopter, C-17 and F-18; Sikorky’s Black Hawk
helicopter, and the Lockheed Martin C130. |
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The
company plans on consolidating the existing four facilities into
two locations. The 100,000 square foot Gardena, CA plant, along
with the 40,000 square foot Wichita, KS plant, will employ 350
machinists, engineers and support staff providing exceptional
quality and delivery performance to its customers.
“This
acquisition puts us in a unique position to successfully service
an industry that is experiencing a rapid increase in aircraft
build rates,” states Rovalier Thompson, Director of Sales and
Marketing for Impresa Aerospace.
Impresa,
along with the company’s financial partner Graycliff Partners,
anticipates further acquisitions. Graycliff Partners is a New
York based Private Equity firm with offices in New York and Sao
Paulo, Brazil.
Founded in, Southern California in 1973, Venture Aircraft,
has operated as a privately-owned business primarily serving
the aerospace industry. Swift-Cor Aerospace has served the
same industry for over 50 years from its Gardena, California
location. Both companies provide a comprehensive array of
manufacturing, finishing, and assembly services and are
noted for providing OEMs with high-quality, sheetmetal
parts, precision CNC machined details, and assemblies.
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