Aircraft engineering, modification and completion specialist GDC Technics has a new company ownership structure, having welcomed new partners Oriole Capital Group, Trive Capital and Maz Aviation.
“Over the last five years GDC has made tremendous strides to become the industry leader in aircraft completion and modification services, with engineering and certification capabilities that are unmatched in the industry,” said Mohammad Alzeer, chairman of Maz Aviation.
“With recent signature contract wins and new ownership that broadens GDC’s market reach and industry expertise, we believe 2019 will be a transformative year for the company. We are pleased to welcome both Oriole and Trive Capital’s support of GDC.”
“As a Dallas-based firm, Trive has tracked GDC’s momentum closely and has seen first-hand the confidence aircraft manufacturers and key customers place in the company,” said Conner Searcy, managing partner at Trive. “We look forward to working with both Oriole and Maz to continue GDC’s trajectory and help identify and collaborate on new ways to unlock value from the platform that GDC has created.”
“Our involvement in the aviation industry spans more than 35 years and we are excited to be part of GDC; GDC possesses, in addition to their completion capabilities, excellent aircraft engineering, modification and certification capabilities, as well as unmatched facilities in North America,” said Brad Foreman, COO of Oriole Capital Group.
“These capabilities, in combination with GDC’s strong track record and significant high-profile 2018 contract wins, ideally position the company for continued completions and modifications leadership and expanded services growth. Investing in GDC complements our other aviation investments and we look forward to actively participating, alongside our partners Maz and Trive in the continued global growth and development of GDC.”
With the addition of GDC’s new ownership partners, the company plans to maintain its VVIP modification service business, while leveraging the firm’s capabilities in design, composite/structural engineering and certification to expand into new markets such as commercial and military modifications, communication and avionics upgrades, structural modifications and support services.
Foreman has been appointed CEO of GDC Technics, effective immediately. His experience includes various leadership roles at Thales Aerospace – including chairman of the board of Thales Defense and Security for Thales USA, and president and CEO of Thales Avionics. Prior to that, Foreman held various roles at the Boeing Company, including director of the B717 program office, and led the creation and management of the MD-10 aircraft conversion program for Federal Express.