Piper Aircraft acquired by Imprimis
Piper Aircraft, Inc. today announced that its owner, American Capital Ltd., has sold its 100 percent stake in the company to Imprimis in a private transaction that aims to secure the long-term success of Florida's 72 year-old General Aviation company.
Imprimis is a corporate finance and investment management firm that operates from its offices in Bangkok, Singapore and Brunei Darussalam. Imprimis intends to invest significant capital in Piper's current operations to strengthen its position in its traditional markets and support the development of key new products such as the PiperJet.
"Imprimis brings a level of support that will propel Piper from its current status as a company with a strong heritage, track record of innovation and great potential to one that is growing and pushing the envelope within General Aviation," said Piper President and CEO James K. Bass. "Imprimis' commitment to grow Piper in both existing and emerging markets comes at a time when we are poised to enter a new era in aviation history."