|
|
|
Quest Aircraft Company Builders Of The Kodiak Is
Under New Ownership |
| |
|
February 19, 2015 - Quest Aircraft Company on
Tuesday signed an agreement for its acquisition
by “Setouchi Holdings Inc.”, a member of “Tsuneishi
Group”. Tsuneishi Group is involved in the
shipbuilding, transportation and related
industries.
“We are very excited to have a strong
organization such as “Tsuneishi Group” believe
in Quest, our products and our philosophy and
invest its resources in the company,” said Sam
Hill, Quest Aircraft CEO.
“Over the last few years, we have experienced
steady growth and with new financial
capitalization and a shared understanding of the
potential opportunities in the marketplace for
expansion, we are looking forward to significant
growth for Quest in the years ahead.”
|
|
 |
|
Setouchi Holdings, Inc. is one of the key
entities of “Tsuneishi Group” and its
involvement in the aviation industry began with
its subsidiary company, “Setouchi Trading,
Inc.”, which is an authorized KODIAK dealer.
Quest will remain headquartered in Sandpoint, Idaho,
as will the manufacturing operations. The
existing leadership team, led by Sam Hill, will
continue to oversee and manage the organization.
As production ramps up and growth in other areas
of the company increases, plans for both
physical and personnel expansion will be
developed and implemented.
“Quest has positioned itself to be attractive to
outside investors to help us grow the company,
and we feel we have the perfect fit with “Tsuneishi
Group”,” continued Hill. “They have extensive
experience in manufacturing along with other
global capabilities which will benefit us
greatly. In addition, their corporate philosophy
is similar to ours in how they treat their
customers and employees and in how they view
their place in the world.
“They also believe strongly
in the KODIAK, and want to help us make Quest
the leading manufacturer of single-engine
turboprops in the world,” Hill added. “We are
very enthusiastic about the future.”
|
|
|
