PR Newswire (paid press release):
NEWINGTON, Conn., April 7, 2017 /PRNewswire/ — PCX Aerostructures, LLC (“PCX”) has announced that Mr. Jeff Frisby has joined the company as President and CEO, succeeding Mr. Alan Haase who stepped down from the role today.
“PCX is fortunate to have a great team that has successfully increased work scope on both existing and new platforms resulting in two new OEM customers and a record backlog for the Company,” said Al Haase. “I am excited that we are able to bring industry titan Jeff Frisby to PCX in a leadership role that will propel PCX to even greater heights. I look forward to continuing to support Jeff and the PCX team as an active investor going forward,” continued Mr. Haase.
Mr. Frisby has been on the PCX Board of Directors since February 2016 and has recently served as Executive Chairman of PCX, advising the management team on all aspects of business development and operations.
“I am pleased to join this leadership team and excited to be part of this next phase of growth at PCX,” said Jeff Frisby. “This business has a longstanding reputation for producing highly engineered, quality parts for military and commercial markets. Over the past year, I have spent time with members of the PCX team and I am confident that we have the talent and drive to achieve our growth strategy. Our customers demand superior delivery and quality levels, and PCX is in a strong position to outperform our competition,” continued Mr. Frisby.
Jeff Frisby most recently served as President and CEO of Triumph Group, a $3.9 billion public company that designs, engineers, manufactures, repairs and overhauls a broad portfolio of aerostructures, aircraft components, accessories, subassemblies and systems.
While at Triumph Group, Mr. Frisby was the President from July 2009 to April 2015, and additionally held the role of COO from 2009 to 2012. Jeff played a key role in Triumph’s growth and overall acquisition activity along with driving significant improvements in supply chain integration and overall asset management.
Jeff first joined Triumph in 1998 as President of Frisby Aerospace, Inc. upon its acquisition by Triumph. In 2000, he became Group President of the Triumph Control Systems Group and was later named Group President of the Triumph Aerospace Systems Group upon its formation in April, 2003. Mr. Frisby is an Independent Director of Astronics Corporation and Quaker Chemical Corporation, and is a graduate of the Wayne Calloway School of Business and Accountancy at Wake Forest University where he earned a Bachelor of Science degree in Business.
“The Board and shareholders of PCX are very grateful for Al Haase’s dedication and accomplishments over the past three years in helping build PCX into a world class supplier,” said Michael Foster of RFE Investment Partners – the lead private equity investor in PCX. “We are excited to work closely with Jeff Frisby as he leads the company into its next chapter of growth.”
PCX Aerostructures is a leading supplier of highly engineered, precision, flight critical and structural assemblies for rotorcraft and fixed wing aerospace platforms. The company serves defense and commercial markets as well as the power generation industry. PCX focuses on producing complex parts machined from hard alloys such as titanium, Inconel and steel – where tight tolerances and quality are imperative. The company is also a premier producer of large structural airframe assemblies, providing direct delivery of components and large assemblies to customers such as Airbus, Boeing, General Electric Aircraft Engines, Bell Helicopter, Sikorsky and Triumph Aerostructures. PCX Aerostructures is owned by RFE Investment Partners, 24/6 Capital Partners, and PCX management.
RFE Investment Partners, based in New Canaan, CT, is a private equity investor with over 35 years of lower middle market buyout experience investing in growth companies in partnership with entrepreneurial management teams.
PCX has manufacturing facilities in Newington, CT, Mansfield, TX, and Ronkonkoma, NY.
To learn more please visit www.pcxaero.com.
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SOURCE PCX Aerostructures, LLC
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