BOK Financial Capital Corporation Acquires Quality Aircraft Accessories

01-Aug-2012

Hastings Equity Partners has sold its controlling interest in Quality Aircraft Accessories to BOK Financial Capital Corporation.

Founded in 1999 by Justin Hicks in Tulsa, Oklahoma, Quality Aircraft Accessories is replacement part provider and refurbisher for general aircraft accessories and components. The reliability of Quality Aircraft Accessories has lead the company to a loyal customer base throughout North America and over 20 countries worldwide.

Hastings Equity Fund II acquired controlling interest in Quality Aircraft Accessories in September 2008. Brett Benton joined Quality Aircraft Accessories as President after the acquisition and brought 25 years of experience in the general and commercial aviation industry with him.

“Working with the Quality Aircraft Accessories management team has been a pleasure and we have been able to successfully grow the business. Quality Aircraft Accessories will continue to be a profitable investment for BOK Financial Capital Corporation,” says Bruce MacRae, Managing Director of Hastings Equity Partners.

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About Hastings Equity
Hastings Equity Partners is a private equity firm focused on investing in lower, middle-market businesses in the energy sector. Hastings’ approach is to leverage the extensive operational experience of the firm's managers and investors, many of whom are active or former CEOs of Fortune 1000 companies. In addition, due to the firm's expanding portfolio of oilfield services companies, it is able to share best practices, technology trends and contacts across its platform to ensure that all of its investments benefit. Hastings strives to help companies create sustained value for their employees, customers, and investment partners.


What Our Investors Say

Burnell Roberts | Hastings Investor Mead Corporation, Former CEO
"The challenge facing any company is how to grow without comprising service. Hastings partnership with TSI provides real experience that makes a difference."
Ed Carpenter | Hastings Investor Barnes Group, Former President & CEO
"Hastings enabled the prior owner to retire by bringing in a highly experienced operator who has revitalized Profiles. The company is now larger and more profitable than any time in its 40-year history."
Mike Lipscomb | Hastings Investor Argo Tech, Former CEO
"The combination of my industry experience with Hastings' operations competence is a powerful catalyst for a small, growing company like QAA. We're putting the pieces in place to allow the company to grow to the next level."
Ralph Wilson | Hastings Investor Buffalo Bills & Ralph Wilson Enterprises
"Drake has the hallmarks of a great investment: well established brand coupled with a new market opportunity. Hastings provides the hands-on strategic support to realize this opportunity."
Robert McCormack | Hastings Investor US Navy, Former Assistant Secretary
"Seacon Phoenix had grown beyond its operational capabilities. Hastings' investment of capital and expertise helped improve operations which resulted in the company nearly doubling its revenue and tripling its profitability."

Fast Fact

Hastings strives to help companies create sustained value for its employees, customers, and investment partners.