Murphy Aircraft Manufacturing Ltd. is being offered for sale, hopefully to someone who can take the company to the next stage of development, company officials said.
“After 30 enjoyable years running Murphy Aircraft Mfg. Ltd., I am approaching retirement, with the desire to spend more time with family and pursue other interests,” said Darryl Murphy, founder and president. ” To that end I find myself in the position of wanting to sell Murphy Aircraft Mfg. Ltd.”
Founded in 1985, Murphy Aircraft Mfg. Ltd. produces a line of experimental light aircraft, including the Renegade, Rebel, Rebel Sport, Elite, Maverick, Yukon, and Moose kits, as well as 1500, 1800 and 3500 straight and amphibious floats. The British Columbia-based company has sold close to 2,000 kits in more than 35 countries.
Many of these Murphy aircraft are now flying on floats and skis, Murphy noted. The Murphy Moose and Murphy Rebel, with a reputation as rugged, roomy bush aircraft, offering utilitarian high useful loads, are especially coveted for their excellent performance on floats, he added.
“With strong signs of economic recovery in North America, the time is right for someone else to take over,” he said.
Murphy estimates the selling price will be in the $2.5 million to $4 million range, depending on how much of the manufacturing machinery the buyer wants. A tailored training program can be provided.
Murphy Aircraft Mfg. Ltd. will continue to supply new kits and service parts throughout the change-over to new ownership and anticipated expansion.
Patterson AeroSales, which handles all Murphy kit sales and marketing, will continue to accept and process orders for delivery positions now and throughout the expected year-long transition to new ownership.
For more information: MurphyAir.com