June 17, 2013, Le Bourget Paris Air Show — Just 30 days after the acquisition of AirLiance Materials LLC by Kellstrom Commercial Aerospace, the company has announced that the combined operations is being renamed Kellstrom Materials.
Over the next 6-12 months the commercial warehousing and logistics operations of Kellstrom will migrate to AirLiance’s state-of-the-art 161,000 sq. ft. warehouse facility and headquarters near O’Hare Airport outside of Chicago. The combined company, Kellstrom Materials, will also maintain a significant sales presence in South Florida.
Kellstrom Material’s Chief Executive Officer, Roscoe Musselwhite, said, “The combination of the two operations present a number of synergies and increased depth of capability that are highly advantageous to our customers.” He continued, “We’ve joined two industry-leading supply chain partners to create a single, much more capable organization. A new name seems appropriate.”
The combination of the two companies will greatly enhance its market presence. Kellstrom Commercial Aerospace is a recognized leader worldwide as one of the largest and most reliable suppliers of new and used aircraft parts to the global aviation aftermarket. AirLiance Materials is an industry-leading supplier of high-quality surplus parts to the global air transport and MRO industry. Both are acknowledged full service providers of logistics and material management solutions. Together as Kellstrom Materials, the company has a 36-year leadership history within the industry, and now has expanded its support capabilities significantly. Kellstrom Materials will continue to provide its customers with advanced e-commerce solutions tied to real-time access to one of the largest, most targeted flight-ready inventories in the industry. It will also continue to provide custom spare parts program solutions to well over 1000 customers, operating 24 hours a day, seven days a week.
Kellstrom Aerospace is a portfolio company of Inverness Management LLC. Moelis & Company served as the exclusive financial advisor to Kellstrom and provided advice in connection with this transaction, while legal advice was provided by Kirkland & Ellis LLP.