SOUTHPORT, Conn.--(BUSINESS WIRE)--Cronus Partners LLC is pleased to announce that it acted as financial advisor to the owners of Kelly Aerospace, an MRO/PMA business, in its acquisition of 100% of the stock of Aerokool Aviation Corporation, an MRO and manufacturing center.
“The acquisition of AeroKool Aviation adds a global leader in the repair and overhaul of airframe environmental systems to the extensive product lines of Kelly Aerospace, and we are grateful for the support of Cronus Partners in this successful transaction,” commented Jeffrey Kelly, President of Kelly Aerospace.
Jeffrey Rubin, Managing Partner at Cronus, added, “Aerokool Aviation’s reputation for quality, innovation and service make it a strong addition to Kelly Aerospace, and we are pleased to have been a part of the team bringing this transaction to fruition.”
Headquartered in Montgomery, Alabama, Kelly Aerospace manufactures and overhauls aircraft ignition systems, ignition leads, harnesses, and replacement parts for general aviation and military customers. See www.KellyAerospace.com.
Established in 1959 and headquartered in Hialeah, Florida, Aerokool Aviation is a global MRO leader in the repair and overhaul of airframe environmental control systems, heat transfer, and oil and fuel pumping system components across most military, commercial, regional, transport, business and rotorcraft platforms. See www.Aerokool.com.
About Cronus Partners
Advising on mergers, acquisitions, divestitures, sales, and private placement financings, Cronus Partners is an independent investment banking firm that provides financial advisory and other investment banking services. Winner of the New York Association for Corporate Growth’s Boutique Investment Bank of the Year Award, the firm has significant experience in advising both public and private companies that can benefit from middle-market transactions. To learn more, please visit www.CronusPartners.com and follow us on LinkedIn.