Continental Motors Group has inked a deal with Danbury Aerospace to purchase essentially all of the assets associated with its operating divisions, including Engine Components International, Inc., Precision Machined Parts, Inc., Airmotive Engineering Corporation, Aircooled Motors, Sterling Machinery and Process, and EC Services, located at its site in San Antonio, Texas, as well as the Titan brand of engines and parts.
Danbury Aerospace is a holding company that has led the industry in parts manufacturing authorization (PMA) and experimental engine technologies for the certified and experimental piston engine powered segments of the general aviation market, Continental officials noted.
The company, which offers its products under the brand Engine Components International (ECi), has been designing and manufacturing components and engines since 1943. Its capabilities include PMA design and certification, engine design and certification, operation of a Part 145 Repair Station for piston aircraft engines and parts, manufacturing process design, manufacturing system design and production and sales, service and support.
The acquisition represents a “strategic opportunity” for Continental to “leverage Danbury Aerospace’s assets and innovation, offer new products and service in the kit market, experimental market, and certified aftermarket and to serve these markets in an integrated fashion,” Continental officials said.
“In addition, focus will be placed on expanding the experimental engine product into key certified aircraft segments that Continental Motors Group has been unable to serve before now,” officials said in a prepared statement. “The Titan brand name will continue to be sold in the marketplace because of its strength, particularly in the experimental marketplace.”
Valentino Passarelli will oversee the transition and integration of the assets acquired from Danbury Aerospace in San Antonio, Texas, once the acquisition is complete. The acquisition is expected to close late in the second quarter of 2015