Taurus Aerospace Group Appoints Terence Montgomery Chief Financial Officer /Announces...
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Taurus Aerospace Group Appoints Terence Montgomery Chief Financial Officer /Announces Acquisition Of Tank Devils PHILADELPHIA, Dec. 16 /PRNewswire/ -- Taurus Aerospace Group, a leading provider of integrated specialist solutions to aircraft OEMs and fleet customers, today announced that it has appointed Terence R. Montgomery as Chief Financial Officer of the company and has acquired Tank Devils, a niche provider of aircraft fuel tank maintenance and repair services based in the United Kingdom. Montgomery joins Taurus Aerospace Group from SMART Business Advisory and Consulting, a financial accounting and business services firm based in Pennsylvania. Prior to this role, he served as Senior Vice President and Chief Financial Officer of InfraSource Services, a $1 billion engineering and construction firm employing more than 4,500 people across the United States. "We're pleased to have Terry on board," said Taurus CEO Larry Resnick. "His experience with InfraSource, where they built a $1 billion business focused on integrated solutions through organic growth and strategic consolidation of acquisitions, is ideally suited for our near term strategy and long term shareholder value creation." "I am very excited to be a part of the Taurus team," said Montgomery. "I believe that my experience at InfraSource will help the company as we transition from being a number of quality individual businesses to becoming a high performing integrated company. One of my goals is that we will all be proud to see Taurus develop into a respected public company known for intelligent, integrated solutions and excellent customer service." The company is also announcing its continued expansion through its latest acquisition, Tank Devils. Taurus already acquired Aviation Technical Services in November 2007, Brek Manufacturing in January 2008 and AOG Tank Tigers in July 2008. "The Tank Devils acquisition represents a strategic expansion of Taurus' capabilities in the aviation 'after market' space, adding to the current service offerings at ATS and AOG Tank Tigers," said Resnick. "The transaction is particularly complementary to AOG's business, as it provides an established platform for growth into the European market and best-in-class capabilities related to unscheduled repair services. Tigers and Devils combined will become a market leader in the aircraft fuel tank repair industry across the U.S. and Europe. The combined companies will be led by Jim Pradetoo, President of AOG." About Taurus Aerospace Group Taurus Aerospace Group is a leading provider of integrated specialist solutions to aircraft OEMs and fleet customers. Taurus' strategy is to provide its customers with a family of best-in-class companies offering products and services which support the entire airframe lifecycle, from design through manufacturing and maintenance, enhanced through superior engineering capabilities. In addition to Tank Devils, Taurus Aerospace Group includes foundation companies: Brek Manufacturing, a Los Angeles-based manufacturer of monolithic structures for airframes; Aviation Technical Services (ATS), a Seattle-based provider of maintenance, repair and overhaul (MRO) services for airframes and components; and Aircraft on Ground, Inc. (AOG), a Dallas-based provider of aircraft fuel tank repair and maintenance services. Taurus is sponsored by the Macquarie Group, a recognized investor, operator and manager in a wide range of specialist asset classes around the world, including aviation, infrastructure, real estate, telecommunications and media. SOURCE Taurus Aerospace Group Brendi Rawlin of Limelight Public Relations, Inc., +1-619-546-7488, Brendi@thelimelightpr.com, for Taurus Aerospace Group
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