BOK Financial Capital Corporation Acquires Quality Aircraft Accessories01-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.
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.