Former ASIG Owner Re-Enters Airfield Services Arena

Ranger Aerospace, a private equity consolidator that specializes in the aviation industry, has re-entered the airfield services industry with the majority buyout of CAV International, Inc. CAV (pronounced as in "Cavalry") is a government outsourcing contractor specialized in airfield services and logistics. Ranger's newest investment platform is called Ranger International Services Group, Inc., which acquired a majority stake in CAV International in the 1st quarter of 2009. Additional growth investments and acquisitions are planned for this latest Ranger build-up. This segment of the government outsourcing sector is expected to exhibit continued growth in the years ahead. CAV has enjoyed over 50% compound annual growth rates over the past four years of 2005-2008.

Ranger International Services Group was formed and is led by Steve Townes, a veteran aerospace CEO who has successfully led similar large ventures. Other follow-on investments and acquisitions are planned as the holding company expands its base, despite launching this venture in the midst of the current malaise that is troubling the world's economy. Ranger Aerospace has capital backing from institutional private equity partners who share Ranger's optimistic and contrarian vision that now is an excellent time to be a well capitalized buyer. "Starting with CAV International, we intend to grow the largest and best independent airfield services & logistics company in the industry," said Townes, adding, "We've done this before in our very similar efforts with ASIG."

Ranger Aerospace owned and grew Aircraft Service International Group ("ASIG") to 4,250 employees at more than 50 airports in one of Ranger's previous successful ventures starting in early 1997. During Ranger's ownership, ASIG was doubled in size and won numerous quality awards, including best-in-class rankings in independent surveys of hundreds of airlines.

CAV International operates in the growing military outsourcing arena, specialized in airfield services. In 2008, CAV performed over 625,000 man-hours of professional services, handled over 18,000 USAF airplanes across 19 time zones, processed over 850,000 in-transit military passengers, and managed over 140,000 tons of cargo. The majority of CAV's contracts currently service the US Transportation Command and Air Mobility Command at numerous locations. All of DOD's transport-sized aircraft, combined with the "CRAF" fleet of civilian airliners, together are the primary fleet that CAV serves with its many capabilities, and that combined airlift represents, by far, the "largest airline in the world."

FMI: www.rangeraerospace.com/