Longtime Aviation Executive Rick Organ joins Resilience Capital Partners as an Operating Executive
17 Jun 2015
CLEVELAND, June 17, 2015 /PRNewswire/ -- Mr. Rick Organ has joined Resilience Capital Partners (www.resiliencecapital.com), a Cleveland-based private equity firm as an Aviation Operating Executive alongside longtime Resilience partner and current Aviation and Aerospace Operating Executive Kenn Ricci, Chairman and CEO of FlexJet.
Prior to joining Resilience, Rick had been the CEO of two private equity backed aviation related businesses. Schneller – a manufacturer of highly engineered flame retardant polymer materials for interiors of commercial aircraft, sold to Transdigm Group Inc; and Align Aerospace – a value added distributor, supply chain manager and 3PL provider of assembly hardware for A&D OEMs, sold to AVIC International.
"For over 15 years Resilience has been an active investor in Aviation and Aerospace and we are very pleased to welcome Rick with nearly 20 years of aviation experience in many of the most critical offerings in the supply chain, to the Resilience family. Together we are looking forward to continuing to build on the strong reputation Resilience has solidified over many investments and years," said Steve Rosen, Co-CEO of Resilience Capital Partners.
"I was initially attracted to Resilience by their capabilities and culture. Resilience is comprised of experienced, hands-on professionals who are committed to and passionate about partnering with lower middle market companies to profoundly improve and grow the business and its underlying value. With more than half the team having been CEOs or senior level operators, we are uniquely qualified to partner with and bring value to this segment of the market," said Rick Organ.
"We are particularly enthusiastic about investment opportunities within the aviation industry. We see many favorable situations where we are able to apply our experience as investors and operators, to aid in the growth and development of aviation companies challenged with the need to build scale to meet the ever increasing demands of their customers. In response we have formed and committed capital to a new platform company, Resilience Aviation Holdings. This new platform will be investing primarily in MRO, aerospace distribution and aerospace components parts manufacturing businesses," said Steve Rosen.
Headquartered in Cleveland, OH, Resilience Capital Partners invests in nicheoriented manufacturing, distribution, and business service companies located in the Midwestern and MidAtlantic United States with sustainable market positions and a clear path to cash flow improvement. Resilience targets platform businesses with $25 million to $250 million in revenues across a broad range of industries where it can improve a company's operations, competitive positioning and profitability. Since its founding in 2001, Resilience Capital has invested in 43 companies under 23 platforms. Its portfolio companies today employ more than 7,000 people in 15 states and collectively represent over $2 billion in revenues. Resilience manages in excess of $625 million for its global investor base which includes pension funds, insurance companies, foundations and endowments, fund of funds, wealth managers, and investment consultants. For more information, please visit www.resiliencecapital.com.