McLendon Promoted to CEO of CAV International

Bill McLendon was promoted to president and CEO of CAV International, which is owned by Ranger International Services Group. McLendon was previously CAV’s COO. Carroll Vaughan, CAV’s founder, is now chairman. CAV, of Greenville, S.C., is a government outsourcing contractor with expertise in airfield services & logistics. Ranger International is a PE consolidator that specializes n aerospace and defense services.

PRESS RELEASE

CAV International Inc., a US Government outsourcing contractor with expertise in airfield services & logistics, announces the promotion of Bill McLendon to President & Chief Executive Officer.  McLendon had previously served as the company’s Chief Operating Officer. CAV (pronounced as in “cavalry”) is a subsidiary of Ranger International Services Group, a private equity  consolidator specialized in aerospace/defense services.  Mr. McLendon, a former USAF F-15 instructor pilot, has more than 25 years aerospace industry experience, is a graduate of the US Air Force Academy, and a Rhodes Scholar. As the new Chief Executive Officer of CAV International, McLendon will lead the continuing aggressive growth of that award winning company, with constant vigilance on quality, safety, and F.A.R. compliance. CAV has strong backing from large institutional shareholders, and a management team deeply experienced at multiple levels, which McLendon now leads.

The founder of CAV International, Carroll Vaughan, has been promoted by the Board of Directors to Chairman of the company. Mr. Vaughan said to all of his employees: “CAV International is proud to have a leader of Bill’s caliber and experience as our CEO.  He has implemented many effective initiatives in his previous role as COO.  As a large stockholder, I am confident in Bill McLendon’s ability to keep growing our high-quality enterprise. Our customers know him and respect him. He knows and loves this industry, and the challenging requirements at numerous far-flung airfields where we perform technical support services. He’s got my vote as he takes the reins, and I ask all of our employees and customers to work with Bill in accomplishing our many common objectives.”

Bill McLendon said: “Our goals remain the same, to serve our customers so they can get their missions done effectively and on time. In the past couple of years, we have made great strides, winning record-high backlogs while staying focused on quality and safety.  We are fortunate to have such a fine team of dedicated employees delivering superior service to the warfighter every day at every location. For that reason, our customers continue to entrust more and more work to CAV International.  I know I speak for all of us in thanking Carroll Vaughan for creating this remarkable company, and I look forward to his continuing mentorship as our Chairman.”

CAV International, with head offices in Greenville SC, operates in the military outsourcing arena, and has an established reputation for quality, reliability, and cost-effectiveness in its performance for the US Government. The company maintains a lean cost model, and offers its Government and Prime Contractor customers an absolute cost advantage and measurably superior quality metrics on a consistent basis. In 2009, CAV performed over 625,000 man-hours of quality-driven professional services, handled over 16,000 USAF airplanes across 19 time zones, processed over 848,000 in-transit military passengers, and managed over 140,000 tons of cargo. Experts in airfield services & logistics, CAV International currently serves USTRANSCOM and the USAF Air Mobility Command at numerous locations, including the DOD’s and USTRANSCOM’s most active contracted aerial port in the world, Abdullah Al Mubarak Airbase in Kuwait. In the past several months, CAV has won roughly $120 Million in new multi-year contracts with the USAF and US Navy, including its most recent successes in Rota, Spain and at 11 airfields in Latin America.

CAV International is one of the three operating subsidiaries of Ranger International Services Group, Inc.  Ranger is a private equity consolidation platform that buys and builds aerospace/defense services companies. Ranger and its co-investors add value to acquired companies via seasoned veterans experienced in an array of aerospace/defense operations, business services, marketing, engineering, and private equity. CAV International, Inc. was ranked #573 on the coveted “Inc. 5000” with three-year sales growth of 471% from 2005 through December 31, 2008.  Sister companies of CAV are US Logistics and Ranger TechWorks.