Piston Engine Sustainment, Parts Companies See New Partial Owner in Vance Street

Vance Street Capital LLC has announced an investment into Aero Group Holdings, LLC, which holds a number of aviation parts and manufacturing brands.

Vance Street has now jumped in bed with a number of brands represented by Tempest, including half a dozen fairly well known names like Tempest, Alcor, Marve-Schebler, Precision Airmotive, Consolidated Fuel Systems, and Stratus Tool Technologies. Between the entire Tempest Aero Group portfolio, manufacturing for ignition, filtration, pneumatic components, instrumentation sensors, fuel systems components, and specialty tools can all be found under one investment 'roof'. Tempest Aero Group has long centered its work on the support, production, and sustainment of Lycoming and Continental engines, keeping thousands of piston aircraft going as they fulfill their day to day missions all around the world.

Early employee Mike Allen will continue in his role as CEO over Tempest Aero Group, just as he has since coming aboard in the late 90's. Both he and founder Tim Henderson retain a"meaningful ownership position alongside Vance Street," according to company press.

"Vance Street's long track record of supporting highly engineered manufacturing businesses, specifically in the general aviation space, makes them the perfect partner to support and grow our well-known brands as we continue to provide the highest level of products and services to our customers," said Mike Allen. "We look forward to this new partnership with the Vance Street team as we continue to expand our product offerings and remain focused on the next stages of our growth."

"Vance Street is thrilled to partner with a leading FAA-PMA manufacturing group that provides products every general aviation aircraft needs and replaces on a frequent basis," added Nicholas Janneck, Partner at Vance Street. "Vance Street looks forward to working closely with Mr. Allen to continue to grow the business and pursue other strategic opportunities."

"Tempest is another great example of our efforts to partner with founders and entrepreneurs who have built market leaders and are looking for a partner like us to further accelerate growth and create truly strategic assets," said John LeRosen, Partner at Vance Street.

FMI:www.vancestreetcapital.com