St. Petersburg, FL – CTCOA LLC d/b/a Olympic Aviation, a portfolio company of The Anderson Group, LLC, has purchased the assets of Mayday Aviation. An aircraft parts distributor specializing in "hard-to-find" fasteners, Mayday Aviation will be integrated into Olympic Aviation's facility in Cerritos, California. This transaction is a great opportunity to grow Olympic Aviation's domestic customer base and add new products to its distribution platform.
Mark Robinson, Chief Executive Officer, recently commented on the acquisition stating, "We are delighted to bring Mayday Aviation under the CTCOA umbrella and continue to build upon Mayday’s long history of success in the industry. We are hopeful, with CTCOA’s expanded offerings and in-house product and service specialists, that we can earn the privilege of providing a more holistic approach to Mayday's customers' needs."
Cory Gaffney, partner at The Anderson Group, added “This acquisition strengthens Olympic Aviation’s position in the domestic aerospace market, while upholding its dedication to service.”
About The Anderson Group
Founded in 1985, The Anderson Group is an operationally-oriented private equity investment firm focused on acquiring control positions in companies at the lower end of the middle market. Senior professionals at Anderson each have between twenty and thirty years of operational experience in various businesses and industries. Anderson specializes in three types of transactions: turnaround opportunities, special situation investments and recapitalizations. Though Anderson does not have a specific industry focus, it typically acquires businesses in the niche manufacturing, distribution or service industries. The Anderson Group is not an institutional fund; rather, it invests its own committed pool of capital. As such, Anderson is able to avoid investment approval processes, mandates and holding periods. Thus, Anderson can offer a faster approval/transaction process, certainty to close, flexibility in equity ownership and an ability to invest throughout the capital structure that other firms and funds often cannot. For more information about The Anderson Group, please visit www.andersongroup.com.