CAV International Joins Forces with Ranger Aerospace.Airfield Services & Logistics Experts COLORADO SPRINGS Colorado Springs, city (1990 pop. 281,140), seat of El Paso co., central Colo., on Monument and Fountain creeks, at the foot of Pikes Peak; inc. 1886. It is a year-round resort and a booming military, technological, and commercial city. , Colo. -- CAV (1) (Component Analog Video) See YPbPr. (2) (Constant Angular Velocity) Rotating an optical disc or hard disk at a constant speed. Contrast with "constant linear velocity" (CLV), in which the platter rotates at varying speeds. International, Inc., a US Government outsourcing contractor specialized in Airfield Services & Logistics, has combined with Ranger Aerospace for additional capital strength and management resources to support its continuing growth. CAV (pronounced as in "Cavalry") has enjoyed over 50% compound annual growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. over the past four years of 2005-2008. Ranger is a private equity consolidator specialized in the aviation industry, with past successes in large scale airfield servicing operations. Ranger's newest investment platform is called Ranger International Services Group, Inc., which acquired a majority stake in CAV International in the 1st quarter of 2009. Additional growth investments and acquisitions are planned for this latest Ranger build-up build·up also build-up n. 1. The act or process of amassing or increasing: a military buildup; a buildup of tension during the strike. 2. . This segment of the government outsourcing sector is expected to exhibit continued steady growth in the years ahead. CAV decided to take on new investors and management partners in order to keep pace with the anticipated market growth. CAV International operates in the growing military outsourcing arena, and has an established reputation for quality, reliability, and cost-effectiveness in its past performance for the US Government. The company maintains a lean cost model, and is able to offer its Government or Prime Contractor customers an absolute cost advantage combined with measurably superior quality metrics on a consistent basis. In 2008, CAV performed over 625,000 man-hours of quality-driven professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. , handled over 18,000 USAF airplanes across 19 time zones, processed over 850,000 in-transit military passengers, and managed over 140,000 tons of cargo. Considered to be experts at Airfield Services & Logistics, the majority of CAV's contracts currently serve the US Transportation Command and Air Mobility Command at numerous locations. All of DOD's transport-sized aircraft, combined with the "CRAF CRAF Civil Reserve Air Fleet CRAF Comet Rendezvous & Asteroid Flyby CRAF Committee on Radio Astronomy Frequencies CRAF California Research Assistance Fund (California insurance department) " fleet of civilian airliners, together are the primary fleet that CAV serves with its many capabilities, and that combined airlift represents, by far, the "largest airline in the world." Carroll Vaughan, founder and President of CAV International, said: "Boeing recently published an estimate that Government Outsourcing will be a $400 Billion total market over the next 10 years. CAV is well positioned to grow with that rising trend, both independently and teamed with larger prime contractors. We wanted to take on larger shareholders and management partners to further fuel our continuing growth." The Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of CAV is Bill McLendon, an Air Force Academy graduate and long-time veteran of the aviation services industry. Steve Townes, Ranger International's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , stated: "We view this deal as a critical first step in achieving our long term objective of building a highly specialized independent Airfield Services & Base Logistics provider that is focused on solving our nation's airfield, logistics, and base services challenges domestically and abroad. CAV is working at the heart of that mission, and we look forward to continuing to build its capability under the Ranger umbrella." Ranger teams with Private Equity institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. to buy and build aerospace services companies. Ranger and its co-investors add value to acquired companies via seasoned veterans experienced in aviation services, aerospace program management, engineering, finance, corporate development, government programs, MIS, marketing & strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. , executive recruiting, Total Quality Management, LEAN initiatives, mergers & acquisitions, post-merger integration, and turnarounds. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. : The Company from time to time may discuss forward-looking information. Except for factual historical information, all forward-looking statements are estimates by the Company's management and are subject to various risks and uncertainties that are beyond the Company's control and may cause actual results to differ materially from management's expectations. For more information on the web, visit www.cavint.com and www.rangeraerospace.com. |
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