Architect Equity acquires the aerospace composites division of AAR; business renamed Aeromatrix Composites

Architect Equity ("Architect") announced that it has acquired the Aerospace Composites Division of AAR Corporation. The division is now doing business as Aeromatrix Composites but will continue to be based in Clearwater, Florida. Aeromatrix designs, fabricates and assembles composite products and solutions for customers in the commercial aerospace and defense industries.

Dionisio Lucchesi, Managing Director of Architect Equity, said, "We are pleased to complete the acquisition of Aeromatrix Composites and we are excited to partner with the management team. Architect looks forward to bringing our financial and operational resources to fully support the company's growth plans."

Ben Vargas, CEO of Aeromatrix Composites, commented, "We are excited to enter this next phase with Architect Equity to build upon the company's successful history of designing and manufacturing complex aerospace products. We remain very committed to delivering solutions to our long-standing customer base and to pursue new opportunities in the composites manufacturing space to drive additional growth."

"Architect was a valued partner throughout the process," said Brian Sartain, Senior Vice President of Repair & Engineering at AAR. "The company's corporate divestiture expertise and ability to execute with speed and certainty allowed for a smooth transaction. The spirit of teamwork with which the transaction was carried out will ensure that Aeromatrix Composites continues to seamlessly serve its customers."

Architect Equity is a private investment firm comprised of an integrated team of investors and operators that provide immediate liquidity solutions to public and private business owners. Under Architect's ownership, target companies benefit from industry relationships, operational resources and an M&A platform to support further company growth.