GenNx360 Capital Partners Announces AeroRepair’s Acquisition of Aero Tire and Tank, LLC, DBA Dallas Centerline
Portfolio Company News - April 02, 2020
New York, New York. April 2, 2020 - GenNx360 Capital Partners (“GenNx360”) is pleased to announce its portfolio company, AeroRepair Corp (“AeroRepair”), has acquired Aero Tire and Tanks, LLC, DBA Dallas Centerline (“Dallas Centerline” or “DCL”). The acquisition represents AeroRepair’s first add-on acquisition since GenNx360’s investment in the platform in in December 2019. Based in Dallas, Texas, Dallas Centerline is a provider of wheel and brake repair and overhaul services to the commercial, corporate, and military aviation industry.
Dallas Centerline was founded in 1971 as a fuel cell repair station. The company added wheel and brake repair and overhaul services for general and regional aircraft in the mid-1980s. Recognized for their quality workmanship and strong customer service, Dallas Centerline has been the recipient of the MRO Wheel and Brake Top Shop award in 2014, 2016, 2017, 2018 and were a 2020 finalist for the Top Shop award.
“We couldn’t be more excited about working with the leading independent wheel and brake MRO. We can now continue our focus on servicing our loyal customer base and growing our presence throughout the South and Southwestern United States,” commented David Kirby, Dallas Centerline President.
“Our partnership with a recognized provider of aviation wheel and brake services at such a challenging time demonstrates our confidence in Dallas Centerline and confirms our strong belief that our industry will endure this crisis and continue providing vital services to our nation’s aviation industry,” commented Daniel M. Bell, AeroRepair’s Chief Executive Officer. ”DCL, with their talented team of skilled technicians and reputation for customer service, fits seamlessly into AeroRepair’s family of seven component repair and overhaul facilities throughout the United States and Canada,” he added.
About AeroRepair Corp
AeroRepair Corp is the largest independent Maintenance, Repair and Overhaul (“MRO”) platform in North America with a focus on wheels, brakes, batteries and landing gear, serving a diverse group of regional airlines as well as corporate fleets and narrow and wide body aircraft. AeroRepair offers its customers complete wheel and brake management solutions including high-quality workmanship, leading turn-times, asset management and logistics services. Founded in 1994, and now part of the GenNx360 Portfolio of Companies, AeroRepair is headquartered in Manchester, New Hampshire and has additional facilities in Atlanta, Georgia, Indianapolis, Indiana, Phoenix, Arizona, Montreal Quebec and Calgary, Alberta.
For more information, please visit www.aerorepaircorp.com.[CR1]
About GenNx360 Capital Partners
GenNx360 Capital Partners is a private equity firm focused on investing in middle market business services and industrial companies. GenNx360 partners with companies having proven and sustainable business models in expanding industries, with the objective of implementing and supporting value enhancing organic and inorganic initiatives to accelerate growth, deliver efficiencies and generate strong financial returns. GenNx360 was founded in 2006 and is headquartered in New York City. For more information, please visit www.gennx360.com.
For media inquiries, please contact:
GenNx360 Capital Partners
Carmen Rojas, Director of Investor Relations