SMYRNA – Florida-based Momentum Aviation took the controls last month at Carpenter Avionics Inc., an award-winning, privately held aviation services company based at the Rutherford County Airport in Smyrna, officials with Momentum announced.
“After an extensive nationwide search, we concluded that Carpenter Avionics would be the ideal foundation upon which to build and grow our business and serve customers,” said Mark Lee, president of Momentum Aviation Holdings. Carpenter is an authorized FAA Repair Station that sells, installs and maintains avionics systems for general aviation aircraft, including business jets, twin turboprops and single-engine piston airplanes.
Carpenter has served customers across the country and internationally for more than 33 years.
Momentum Aviation, based in Naples, Florida, is a privately held company established to acquire and operate a set of complementary aviation service businesses.
“We will combine Carpenter’s sterling reputation and proven practices with new innovation to continue to be the aircraft service center customers trust for years to come,” Lee said.
Bob Carpenter founded Carpenter Avionics in Nashville in 1981, after serving in the U.S. Air Force and working in avionics for 25 years.
Fran Carpenter, who has served as CEO and president at Carpenter Avionics since 2010, said the time had come to let the next generation take over the company.
“I am confident that with this new leadership team’s experience and vision, Carpenter Avionics will thrive and grow,” Fran Carpenter said. John DenDekker, who has served as Carpenter’s General Manager since 2011, will continue in that role and now will report to Lee.
Momentum acquired all of Carpenter Avionics’ shares in this stock purchase. Other terms of the transaction were not released.
Nashville area at the Smyrna Rutherford County Airport, the busiest general aviation airport in Tennessee, and third-busiest airport overall in the state.
http://www.dnj.com/story/money/business/2014/12/10/florida-aviation-firm-lands-smyrna/20206197/