Gennx360 Capital Partners Announces Aerorepair'S Acquisition Of Aircrafters, Inc.

GenNx360 Capital Partners ("GenNx360") is pleased to announce Aero 3, Inc., the parent company of AeroRepair, has acquired Aircrafters, Inc. ("Aircrafters" or "the Company"). Headquartered in New Castle, Delaware, Aircrafters is a leading provider of wheel and brake parts for the aviation industry through its aftermarket distribution of Collins wheel and brake parts, its extensive parts inventory, and the provision of exchange asset pools for multiple global operators. Founded in 1984, the Company has built a strong international reputation for its broad range of in-stock wheel and brake components and assemblies, Collins' distribution and 24/7 AOG services. Going forward, the current management team will remain in place. The Company will join the Aero 3, Inc. family of companies consisting of AeroRepair Corp, Hemico, Inc. and AeroRepair Canada, Inc. The Aero 3 Inc. companies provide vertically integrated full-service aviation wheel, brake, battery and landing gear repair and overhaul services for the commercial, corporate and general aviation industry. Aircrafters' Delaware facility, together with Aero 3, Inc.'s nine (9) North American locations, strengthen the company's owned and operated logistics network and will further leverage the company's machine shop and PMA/DER engineering capabilities.