EAST ALTON — West Star Aviation announced it has reached an investment partnership with Norwest Equity Partners, a middle market investment firm founded in 1961.
Norwest has made a significant investment in West Star Aviation, an independent provider of maintenance, repair and overhaul (MRO) services to the business aviation industry. The transaction was completed on April 28.
“On behalf of the entire West Star team, we are confident that our new partnership with NEP will help us successfully achieve our next level of growth,” West Star Aviation CEO Robert Rasberry said. “In partnership with NEP, our operating philosophy will remain grounded in our strong technical expertise, experienced employees, attention to detail, and a constant focus on customer service and satisfaction.”
“West Star’s solid business model and industry-leading management team have helped to establish extremely high barriers to entry within the business aviation maintenance market,” NEP Managing General Partner Tim DeVries said. “West Star has done a great job to earn a global reputation as a highly valued, ‘go-to’ MRO services provider, and we’re going to work hard to leverage their existing growth momentum along with our combined NEP capital and resources to further build and grow the company.”
“From expanding service capabilities and facilities to key contracts and strategic growth initiatives, West Star is well-positioned for continued success,” NEP Partner Todd Solow said. “The right team is also in place to help lead the way.”
Voted No. 1 Preferred MRO in the 2014, 2015 and 2016 Professional Pilot magazine annual Preferences Regarding Aviation Services and Equipment Survey for three consecutive years, West Star Aviation specializes in the repair and maintenance of airframes, windows and engines, as well as major modifications, avionics installation and repair, interior refurbishment, surplus avionics sales, accessory services, paint and parts.
In addition to its facilities in East Alton; Grand Junction, Colo.; and Chattanooga, Tenn., West Star Aviation runs maintenance operations at Aspen-Pitkin County Airport in Aspen, Colo.; Chicago Executive Airport in Chicago and Centennial Airport in Denver. The company also provides FBO services for transient aircraft at its newly remodeled East Alton and Grand Junction facilities.
For information, visit weststaraviation.com or call (800) 922-2421.