Tue, Dec 02, 2014
Vanderbilt Alum Returns To Nashville To Lead Company
Momentum Aviation Holdings, Inc. has acquired Carpenter Avionics, Inc., an award-winning, privately held aviation services company based in the Nashville area.
Carpenter is an authorized FAA Repair Station that sells, installs and maintains avionics systems for general aviation aircraft, including business jets, twin turboprops and single-engine piston airplanes. Carpenter has served customers across the country and internationally for more than 33 years. “After an extensive nationwide search, we concluded that Carpenter Avionics would be the ideal foundation upon which to build and grow our business and serve customers,” said Mark Lee, President of Momentum Aviation Holdings. “I am elated with the opportunity to return to Nashville and begin
working with this talented team. We will combine Carpenter’s sterling reputation and proven practices with new innovation to continue to be the aircraft service center customers trust for years to come.”
John DenDekker, an effective and experienced avionics leader, who has served as Carpenter’s General Manager since 2011, will continue in that role and now will report to Lee. “In life, a time comes when it feels appropriate to transition your business to the next generation,” said Fran Carpenter, who has served as CEO and President at Carpenter Avionics since 2010. “I am confident that with this new leadership team’s experience and vision, Carpenter Avionics will thrive and grow.”
Momentum acquired 100% of Carpenter Avionics’ shares in this stock purchase. Other terms of the transaction were not released.
(Pictured: Carpenter Avionics Senior Leadership (left to right): John DenDekker, General Manager; Fran Carpenter, former CEO and President; and Mark Lee, new President and Owner following acquisition)
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