Velocity Aerospace Holding Group, Inc.

FOR IMMEDIATE RELEASE
June 22, 2015
Contact: Lauren Sinai

Velocity Aerospace Group Announces Acquisition of EMC Aerospace
Prospect Partners' Portfolio Company Continues to Expand "Tip to Tail" Aviation MRO Services

CHICAGO, Ill.—June 22, 2015: Prospect Partners, LLC, a leading private equity firm investing in lower-middle-market companies, today announced the strategic acquisition of EMC Aerospace, Inc. (EMC), by portfolio company Velocity Aerospace Group, Inc. (Velocity), a worldwide provider of aviation maintenance, repair and overhaul (MRO) services.

EMC, based in North Miami Beach, Fla., is a state-of-the-art FAA-EASA certified repair station that specializes in the repair of a wide range of components. The acquisition expands Velocity's repair capabilities into a variety of key systems, such as power generation, pneumatics, hydraulics, blue water, and electromechanical. Like Velocity, EMC serves commercial and regional airlines, corporate business aircraft, and military, municipal and helicopter markets, both directly and through OEMs and other repair companies. EMC will continue to be led by its current management team.

"EMC has a superior reputation for customer service support and craftsmanship, and runs one of the most successful and modern accessory shops in the country," said Velocity CEO Dale Gabel. "As we continue to grow our family of aviation MRO services able to address the 'tip to tail' needs of airline fleets worldwide, EMC effectively doubles the number of parts we can service and more than doubles the types of problems we can solve. Velocity is strongly positioned to serve today's fleets as well as the new generation of aircraft coming over the next 10 to 20 years."

Added Maneesh Chawla, a Principal of Prospect Partners: "EMC is a terrific strategic fit for Velocity. Dale and his team are doing a great job executing their vision for the company. In the process, Velocity continues to grow its customer base while expanding the number of services it can offer each customer."

Velocity, which has an 80-year history in aviation MRO excellence, operates FAA-certified repair stations in California and Florida that offer a broad range of test, repair and overhaul services, including capabilities in avionic, electronic instrumentation, cockpit panel, and system repairs.

EMC is Velocity's second strategic add-on. In April, 2014, Velocity acquired E.D.N. Aviation, Inc., a leader in the repair and manufacture of backlit control panels.

Velocity continues to seek additional acquisitions of other niche aviation MRO services businesses based in the United States.


About Prospect Partners, LLC

Prospect Partners is a leading private equity firm investing in lower-middle-market companies, managing $470 million across three funds. A highly experienced and active investor, Prospect Partners focuses exclusively on management-led leveraged recapitalizations and acquisitions of niche market leaders with revenues typically under $75 million. Since 1998, Prospect Partners has invested opportunistically nationwide in 120 companies in a broad range of niche manufacturing, distribution, and specialty service markets. Based in Chicago, Prospect Partners also has an office in Menlo Park, Calif. For more information, visit www.prospect-partners.com.

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