Aero Systems Engineering Transitions Ownership


Aero Systems Engineering, Inc. (ASE) transitioned ownership from Tonka Bay Equity Partners to Gen Cap America (GCA) and the ASE management team on October 24, 2014. Aero Systems Engineering is pleased to be partnered with GCA.
 
“Gen Cap America shares ASE’s passion for delivering superior customer service. Their unprecedented record of success and strong support of management assures the future of Aero Systems Engineering rests in good hands.  This transition allows  ASE’s continued growth in providing  innovative technical solutions to customers in the energy and aerospace markets. We are grateful for our close relationships with customers. ASE’s trust and loyalty has been steadfast through the course of our 50+ year history and this ownership transition will only strengthen our company. I am excited and optimistic about the future for ASE, our employees and customers we serve,” said Tom Moll, President of Aero Systems Engineering, Inc.
 
 
Founded in 1985, Gen Cap America (GCA) is a private investment firm headquartered in Nashville, Tennessee. GCA specializes in acquisitions and recapitalizations of established middle market businesses with demonstrated operating histories and quality management teams
 
Aero Systems Engineering, Inc. (ASE), based in St. Paul, Minnesota, is a leading global provider of mission-critical testing and engineering services to manufacturers of jet engines and industrial gas turbines, maintenance, repair, and overhaul (“MRO”) providers, governments and militaries. ASE serves the aerospace and energy markets in: 1) independent testing services at its aerodynamic laboratory; 2) design and build of aerodynamic ground test facilities and equipment; and 3) design and build of engine test facilities and equipment. ASE provides products and services under the brand names FluiDyne and AeroSystems. The Company was founded in 1952.