Accurus Aerospace Corp., a Liberty Hall portfolio company, has hired Robert A. Kirkpatrick as executive vice president and chief operating officer. Previously, Kirkpatrick worked at Precision Castparts Corp where he served as senior vice president of airframe products. Accurus is a producer of machined parts, kits and assemblies and processing services for the global aerospace and defense industry.
NEW YORK and TULSA, Okla., Dec. 17, 2014 /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 Robert A. Kirkpatrick as Executive Vice President and Chief Operating Officer of its portfolio company, Accurus Aerospace Corporation (“Accurus”), a leading Tier II supplier of highly engineered machined parts, kits and assemblies and processing services, focused on the highest value aircraft platforms.
Mr. Kirkpatrick joins the current Accurus senior leadership team and will report to Jim Gibson, Accurus’s President and Chief Executive Officer. Mr. Kirkpatrick brings more than 20 years of experience in diversified roles across the aerospace manufacturing industry and will be responsible for overseeing the daily operations of Accurus and managing the integration of its existing divisions, which include McCann Aerospace Machining and Precise Machining & Manufacturing.
“Robert’s deep knowledge and proven experience within the aerostructures segment of the aerospace industry, specifically with managing and building multiple individual business units, make him an exceptional addition to the Accurus senior leadership team,” said Rowan Taylor, Liberty Hall’s founding Partner. “The development of a robust management team is a core tenet of our strategy for Accurus, and Robert’s addition is an important next step as we continue to work to execute against our growth strategy and look for new opportunities to acquire and integrate additional operationally and financially capable aerostructures suppliers into Accurus.”
Mr. Gibson added: “There continues to be a myriad of acquisition opportunities for Accurus within the aerostructures segment of the aerospace market and, through the addition of Robert, we are able to strengthen our team and use our collective industry expertise to identify and seize high value opportunities for our growing business.”
Mr. Kirkpatrick added: “I am pleased to join the existing Accurus management team and I look forward to helping Accurus continue to execute its strategic plan by focusing on operational excellence across the organization.”
Most recently, Mr. Kirkpatrick was Senior Vice President of Airframe Products for Precision Castparts Corp., a worldwide, diversified manufacturer of complex metal components and products based in Portland, OR, where he was responsible for managing multiple operating locations, supporting M&A activity and integrating new acquisitions and separate operating units. Prior to joining Precision Castparts Corp., Mr. Kirkpatrick held senior positions at Primus International Inc. in Bellevue, WA and Walden’s Machine, Inc. in Tulsa, OK. Mr. Kirkpatrick received his BBA in Accounting and Finance from Northeastern Oklahoma State University and his MBA from the University of Tulsa in 2003.
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 20-plus year history of working together and have led the investment of over $2 billion in equity capital in businesses serving multiple segments of the aerospace and defense industry and complementary industrial 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 Accurus Aerospace Corporation
Accurus Aerospace Corporation is a leading Tier II supplier of highly engineered machined parts, kits and assemblies and processing services to the global aerospace and defense industry focused on the highest value aircraft platforms. Accurus was formed in November 2013 to acquire the business of Precise Machining & Manufacturing, acquired McCann Aerospace Machining in March 2014 and possesses multiple highly complementary capabilities that allow Accurus to deliver its products to its customers with optimal cost, quality and delivery. Accurus is currently executing a strategic plan to build its business through strategic investments in further attractive capabilities, customers and platforms. For more information, please visit http://www.accurusaero.com/.