AIM Aerospace, which is backed by Liberty Hall Capital Partners, has appointed Daniele Cagnatel as president and CEO. Cagnatel is the former president and CEO of GKN Aerostructures North America. Washington-based AIM Aerospace is a provider of composite ducting, structural and interiors parts for the global aerospace industry.
NEW YORK and RENTON, Wash., Aug. 14, 2017 /PRNewswire/ — Liberty Hall Capital Partners (“Liberty Hall”), a private equity firm focused exclusively on investments in businesses serving the global aerospace and defense industry, today announced the appointment of Daniele Cagnatel to the role of President and CEO of AIM Aerospace (“AIM”), a leading supplier of composite ducting, structural and interiors parts for the global aerospace industry. Mr. Cagnatel is succeeding AIM’s current President, John Feutz, who announced his retirement after more than twenty years of service.
“AIM Aerospace has served as a leader in the composite ducting industry for over 30 years, and as we continue to invest in the composite segment of the aerospace industry and in AIM’s continued growth,” said Rowan Taylor, Liberty Hall’s founding Partner. “Daniele is an exemplary professional with a proven track record in operations, strategy, acquisition integration, customer management and managing complex business environments. We welcome Daniele to AIM Aerospace. We also want to thank John Feutz for his many years of exemplary leadership and service to AIM. John has led the company’s tremendous growth over the past decade, as well as our purchase of AIM last year and AIM’s acquisition of Quatro Composites this January.”
Mr. Cagnatel, who has nearly two decades of experience in the global aerospace industry, will be based in the company’s headquarters in Renton, Washington. He joins AIM from GKN Aerospace, a division of global engineering business GKN, where he has served in a number of management roles, including President and CEO of GKN Aerostructures North America, where he oversaw the division’s $900 million annual business portfolio and managed four strategic businesses operating from 10 manufacturing sites across North America and Mexico. While at GKN, he has also served as Vice President and General Manager for GKN Advanced Composite Structures, Head of Operations at GKN Aerospace Filton, and Managing Director for GKN Aerospace GmbH. He began his career at GKN International’s Leadership Development Program in 1999 and was appointed to GKN’s Aerospace Executive Committee in January 2014. He received a M.A. in Mechanical Engineering with Management and German Language from the University of Nottingham, U.K.
Mr. Cagnatel added: “I am honored to take on this role at AIM. For decades, AIM has maintained a solid position in its segment, and I look forward to working closely with the management team and staff in realizing its growth potential in order to meet the increasing demand for composites to support next generation aircraft.”
Mr. Cagnatel joins a senior leadership team of AIM that has expanded since Liberty Hall’s acquisition in February 2016 to include Jim Naylor as SVP and CFO from Precision Castparts Corporation, Robert Murdock as SVP of Business Development from Orbital ATK, Steve Roesner as SVP of Strategy from Quatro Composites and, most recently, Patrick Russell as SVP and COO from Orbital ATK.
About Liberty Hall Capital Partners
Liberty Hall Capital Partners is a private equity firm focused exclusively on investments in businesses serving the global aerospace and defense industry. Liberty Hall’s principals have a 25-plus year history of working together and have led the investment of $2.4 billion in equity capital in businesses serving multiple segments of the aerospace and defense industry and complementary industrial end markets. Liberty Hall develops actionable investment strategies for attractive segments of the aerospace and defense industry and then partners with entrepreneurs and management teams to acquire leading businesses serving these segments and, together with them, develops sound, long-term strategic plans to build these businesses through a combination of strategic investments and strategic acquisitions. For more information, please visit http://www.libertyhallcapital.com/.
About AIM Aerospace Corporation
AIM Aerospace Corporation is a leading supplier of composite ducting, structural and interior parts for the global aerospace industry based in greater Seattle, WA with four manufacturing facilities located in greater Seattle and Orange City, IA and a research and development center located in Poway, CA. AIM is currently executing a strategic plan to build its business through strategic investments in further capabilities, customers and platforms. For more information, please visit http://aim-aerospace.com/