Acorn Growth Companies Announces Launch of AGC Aerospace & Defense

OKLAHOMA CITY--May 14 2009 --Private equity firm Acorn Growth Companies announced today the formation and launch of AGC Aerospace and Defense as the operating brand for portfolio companies that it manages.

"We have successfully developed a strong and diverse enterprise, within the aerospace and defense sector, that includes operations in eleven states serving a global market", said Jeff Davis, a partner in Acorn Growth Companies. "The establishment of AGC Aerospace and Defense provides the opportunity to showcase the enormous capabilities of the enterprise in a unified manner," he said.

"AGC Aerospace and Defense, through its business units, is actively supporting the war fighter in many key mission critical areas," said Rick Nagel, also a partner in Acorn Growth Companies. "From military conversions, to intelligence, surveillance and reconnaissance, and from legacy aircraft support to manufacturing critical components and structures for weapons systems, AGC Aerospace and Defense and its employees are pleased to play an important role in the global industry," he said.

The combined capabilities of the enterprise include over 400,000 square feet of aerospace manufacturing, modification and hangar space, the highest level of quality ratings, including NADCAP and AS9100, OEM certifications and decades of excellent performance.

The companies of AGC Aerospace & Defense serve most military and commercial aircraft platforms including the Blackhawk, Kiowa and Chinook helicopters and military aircraft such as the KC-135, C-17, KC-10, F22, F18 and F35 Joint Strike Fighter. Supported commercial platforms include the Boeing 787, 737, 747, 777, Beech, Gulf Stream, Twin Commander, Cessna and many others. Customers include governments, prime contractors, Original Equipment Manufacturers (OEMs) and Tier II and Tier III aerospace suppliers.

AGC Aerospace & Defense is organized into four distinct operating groups that include: AGC Integrated Defense Group, AGC Composites Group, AGC Services Group, and AGC Finance Group. The companies in these operating groups include: Unitech Composites, Inc, Integrated Composites, Inc, Commuter Air Technology, The ServiCenter, Veracity Technology Solutions, Aerospace Products SE, Longbow Government Solutions, SensorCorr, SinglePoint and Aircraft Logistics Group.

Contacts:
Acorn Growth Companies
Jeff Davis, 405-413-7264
or
Rick Nagel, 405-641-1306
www.AGCAerospace.com

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