KP Aviation Announces Leadership Transition: Linn Shaw to Assume CEO Role

January 22, 2024

MESA, Ariz., Jan. 22, 2024 /PRNewswire/ — KP Aviation, a leader in the evolving aftermarket aviation industry, is pleased to announce a significant leadership transition that marks the next phase of the company’s evolution. Kim Schulze, the co-founder and current Chief Executive Officer, will be transitioning to a newly created role, paving the way for the leadership of Linn Shaw who has been serving as Chief Financial Officer.

In a joint statement released to KP Aviation’s trusted team, Schulze and Shaw shared their excitement about the future of KP Aviation. Schulze reinforced confidence in Shaw’s capabilities, stating, “Linn brings not only a wealth of experience but a vision perfectly in sync with the trajectory of our company.”

Both leaders highlighted the importance of innovation, strategic planning, and sustainability. Shaw reiterated the company’s commitment to staying at the forefront of the dynamic aviation industry through a variety of innovative initiatives.

Expressing gratitude for this opportunity, Shaw added, “I’m honored to step into this role, and I’m excited about the journey ahead together.” Schulze will continue to play a vital role as Principal & Chief Compliance Officer in the business, which will focus on expanding and enhancing operational capabilities to fuel the next phase of KP Aviation’s success.

Their announcement also highlighted the company’s dedication to personal and professional development for team members, with a focus on diversity across the aviation industry. “Diversity has been a key driver of our success, and as such, we will continue to focus on hiring all areas of talent to the business,” said Shaw.

Over its 23 years, KP Aviation has prioritized team, culture, and deep technical intelligence. Shaw emphasized the significance of a supportive and inclusive workplace culture: “Our people are our strength. Creating an environment where everyone feels supported and included is non-negotiable.”

Schulze expressed full confidence in Shaw’s leadership, stating, “KP Aviation is in excellent hands with Linn Shaw at the helm. Under Linn’s leadership, our company will continue to soar to new heights.”

The leadership transition is effective immediately, and both Schulze and Shaw will work collaboratively during the transition period and in their new respective roles. 

About KP Aviation

KP Aviation is a leading global supplier of essential aftermarket materials and services, catering to the aviation industry’s evolving needs. With a strong commitment to quality and customer satisfaction, KP Aviation offers a comprehensive range of products and solutions that ensure optimal performance and safety. Headquartered in Mesa, Arizona, the company operates globally, serving a diverse customer base and maintaining strong relationships across the aviation ecosystem. For more information, visit www.kpaviation.net.

Leading Aviation Supplier KP Aviation Secures Growth Investment from Bain Capital Special Situations to Fuel Global Expansion

June 08, 2023

Investment to enable the company to expand its global market share through strategic growth initiatives

Experienced, founder-led management team will continue to lead the business.

Mesa, AZ – June 7, 2023 – KP Aviation (or the “Company”), a leading global supplier of essential aftermarket materials and services, today announced it received an investment from Bain Capital Special Situations to accelerate its global expansion and further its industry-leading position as the supplier of choice to the fixed-wing aviation marketplace. Financial terms of the private transaction were not disclosed and proceeds will be used to purchase the interests of Balmoral Funds LLC, the Company’s current investment partner since 2015.

KP Aviation was founded in 2001 to provide high-quality materials and services to the fixed-wing aviation marketplace and has grown to become the preferred supplier of high-quality aftermarket components and assets across a broad range of aircraft and engine platforms. Today, the Company serves more than 4,000 airlines, aircraft maintenance companies, investment and leasing firms, and aviation aftermarket suppliers around the world. KP Aviation has a global footprint with locations in Europe, South Africa, and China to meet the growing needs of aviation customers. The Company’s existing management team led by founder and CEO Kim Schulze will continue to lead the business.

“This investment marks an exciting milestone in our growth trajectory and is a true testament to our culture of innovation and our 20+ year experience of optimizing value for customers across the fixed-wing aviation marketplace,” said Schulze. “In Bain Capital, we have found an aligned partner with deep aviation experience and operational capabilities to help us further scale our platform, foster new customer and supplier relationships, and diversify into new service lines and capabilities through a mix of organic and strategic growth initiatives.”

“KP Aviation fills a critical role in the aerospace supply chain, providing customers with mid-life, lower-cost aftermarket assets relative to original equipment manufacturer solutions, and we believe the business is well-positioned to capitalize on attractive sector tailwinds,” said Matt Evans, a Partner at Bain Capital Special Situations. “We have long admired KP Aviation and have been impressed with the Company’s highly differentiated business model and competitive advantages, experienced, founder-led management team, and impressive track record of growth and operational excellence.  We are excited to partner with Kim and the rest of the management team to support KP Aviation’s next phase of growth.”

Bain Capital Special Situations has deep experience supporting the growth of diversified aviation businesses, with experience investing in aircraft hard assets, airlines, aerospace manufacturers, and aviation and travel service providers.

Perella Weinberg Partners and Vedder Price served as KP Aviation’s financial and legal advisors, respectively.  Holland & Knight served as legal advisor to KP Aviation’s management team. Davis Polk & Wardwell LLP served as legal advisor to Bain Capital Special Situations. 

About KP Aviation

KP Aviation is a leading global supplier of essential aftermarket materials and services, catering to the aviation industry’s evolving needs. With a strong commitment to quality and customer satisfaction, KP Aviation offers a comprehensive range of products and solutions that ensure optimal performance and safety. Headquartered in Mesa, Arizona, the company operates globally, serving a diverse customer base and maintaining strong relationships with suppliers. For more information, visit www.kpaviation.net.

About Bain Capital Special Situations

Bain Capital Special Situations is a global team of investors who have driven value creation for more than 20 years.  Bain Capital Special Situations has $18 billion in assets under management and has invested more than $28 billion since our inception in 2002. We provide bespoke capital solutions to meet the diverse needs of companies, entrepreneurs, and asset owners. Across all market cycles, the strategy brings together credit, equity, corporate and real asset expertise to partner where traditional providers cannot… Our dedicated, global team of more than 100 investment and portfolio professionals contribute the local expertise and capabilities that enable these diverse investments. For more information, please visit: https://baincapitalspecialsituations.com/

Media Contacts:

For KP Aviation:

Sumerae Sisemore

Brand Ambassador

(775) 851-3362

Sumerae.s@kpaviation.net

For Bain Capital:

Scott Lessne / Charlyn Lusk

Stanton

(646) 502-3569 / (646) 502-3549

slessne@stantonrpm.com / clusk@stantonprm.com

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