GA Telesis LLC Signs Definitive Agreement to Acquire AAR's Landing Gear Overhaul Business
GA Telesis LLC a global provider of integrated aviation services, announced it has signed a definitive agreement to acquire AAR CORP.'s Landing Gear Overhaul business and its Wheels & Brakes business unit. Upon completion, the acquired business will be integrated into the GA Telesis MRO Services Division under the leadership of its group president, Pastor Lopez, and branded as GA Telesis Landing Gear Services.
This acquisition is expected to strengthen GA Telesis' capabilities in servicing and overhauling landing gear systems for various commercial and military aircraft, including Airbus, Boeing, Bombardier, and Embraer platforms. Adding specialized wheel and brake repair services will further enhance the company's offerings to the aviation industry.
The transaction will also bring High-Velocity Oxy-Fuel ("HVOF") coating capabilities into the GA Telesis portfolio, enabling the company to offer advanced surface treatments supporting critical aircraft components' longevity and durability. These expanded capabilities align with GA Telesis' commitment to delivering innovative solutions for the aviation aftermarket.
The acquisition is subject to customary regulatory approvals, including a review by the Committee on Foreign Investment in the United States ("CFIUS"). It is expected to close in the first quarter of the calendar year 2025.
"We are excited about the opportunity to enhance our service offerings and provide greater value to our partners in the aviation industry," said Abdol Moabery, President and CEO of GA Telesis. "This acquisition will allow us to expand the GA Telesis Ecosystem™ further and support our mission to deliver innovative solutions to our customers worldwide," he added.
"Expansion of our landing systems capabilities will have a profound impact on addressing the capacity constraints that our existing customers are facing," said Pastor Lopez, President of GA Telesis' MRO Services. "The integration of the new business units with GA Telesis' existing landing gear business unit will lead to better operational efficiency for our airlines globally," he added.
Upon closing, the transaction will significantly expand GA Telesis' workforce and reinforce its position as a leading independent provider of landing gear, wheel, brake, and HVOF services to airlines, lessors, and military customers globally.
Northwest Bank Names Douglas M. Schosser Chief Financial Officer
In his new role as Chief Financial Officer, Mr. Schosser will be a key member of Northwest's executive leadership team, overseeing all financial management of Northwest Bank and a team across treasury, financial planning, accounting, reporting and tax, as well as facilities and enterprise project management. Reporting directly to the company's President and CEO Louis Torchio, Mr. Schosser will leverage his extensive knowledge and experience to help drive the bank's continuous transformation and strategic objectives.
Mr. Schosser brings a wealth of experience and expertise to his new role, previously serving as Chief Financial Officer for Key Corporation Bank and Victory Capital Management (VCM), responsible for financial management, planning and forecasting for the bank and VCM and their primary segments, KeyBank Real Estate Capital, KeyBanc Capital Markets, Key Equipment Finance and Public Sector. Mr. Schosser also served as Executive Vice President and Line of Business Chief Financial Officer for Associated Bank Corp (ASBC) in Green Bay, WI, serving on the Executive Committee and Board of Directors of Associated Bank, NA while providing financial support for Retail, Commercial and Corporate Banking, as well as Wealth Management.
Lauren Henderson joins FICPA as Deputy Director of Governmental Affairs
The Florida Institute of Certified Public Accountants (FICPA) is pleased to announce that Lauren Henderson will join the FICPA as its Deputy Director of Governmental Affairs, effective Oct. 16, 2023.
Henderson will be stationed at the FICPA Governmental Affairs office in Tallahassee, assisting Chief External Affairs Officer Jason Harrell in the execution of the Institute’s strategic advocacy goals. Alongside Harrell, she will serve as part of the FICPA’s in-house lobby team and will assist in all aspects of promoting and advancing FICPA’s legislative priorities and further strengthening the Institute’s relationships with legislators and their staff.
In addition to her work at the Florida Capitol, Henderson will generate timely legislative and political communications assets, support the development and growth of the Florida CPA/PAC, and enhance the FICPA’s connections with key stakeholders and state agencies.
“It’s an honor to join the FICPA and to play a key role in representing members throughout the state,” Henderson said. “I look forward to bringing my experience to an impressive and respected institution and to working alongside Jason Harrell as we protect and promote the CPA profession in Florida.”
Henderson brings nearly a decade of legislative experience to this role. Prior to joining the FIPCA, she was the Legislative Director for Cynergy, LLC, a political consulting firm in Tallahassee assisting individuals and organizations in conducting business with governmental agencies. She has previously worked on political campaigns for high-profile candidates – including Jeb Bush, Mitt Romney, Rick Scott, Mary Thomas, Steve Southerland and Jim Messer – and was previously named to Florida Politics’ 30-under-30 list of rising stars.
Henderson is a graduate of Florida State University, with a bachelor’s degree in political science and english.
“Lauren has spent her career deftly navigating the legislative process,” Harrell said. “She arrives at the FICPA with a wide variety of relationships, extensive political experience, and a depth of legislative knowledge that will keep our members’ interests at the forefront during Florida’s Legislative Session.”