Taurus Aerospace Group Appoints Terence Montgomery Chief Financial Officer /Announces...

Tue Dec 16, 2008 8:01am EST

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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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