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Monday, April 2, 2007

Highland Capital Management Acquires Nex-Tech Aerospace

Highland Capital Management has completed its acquisition of 100 percent of the outstanding ownership interests in Nex-Tech Aerospace (formerly known as Thayer Aerospace), a Wichita-based manufacturer of complex structural airframe components and assemblies for the aerospace, defense and space industries.  No financial terms were disclosed.   As an integrated supplier, Nex-Tech Aerospace products are found in a number of critical aircraft components, including doors, landing gears, wings, control surfaces, vertical and horizontal stabilizers, rudder and flap control mechanisms, engine mounts and high stress sections of the fuselage.  The company's headquarters are located in Wichita, Kansas, and  Nex-Tech's customers include Lockheed Martin, Gulfstream Aerospace, Cessna Aircraft, Boeing, Spirit AeroSystems, Raytheon Aircraft and others.
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