Matrix Aviation to close Wichita office, merge with sister company in Atlanta
02/12/2014 2:55 PM
02/12/2014 2:56 PM
Matrix Aviation at 1701 S. Hoover is closing its Wichita office and merging with its Atlanta-based sister company, Professional Aviation Associates.
The merged company will operate in a new 46,000-square-foot distribution facility near the Hartsfield-Jackson Atlanta International Airport.
Both companies are owned by Greenwich AeroGroup, based in Wichita, which operates a number of aviation-related businesses.
The merger is expected to be completed in the spring.
Matrix employs 12 people, including 11 in Wichita. About half have been offered jobs in Atlanta, said Greenwich spokeswoman Kasey Baker.
Professional Aviation currently employs 34.
A decision on whether to rename the company has not been made, Baker said.
“We thought it would be a good opportunity to take a look at that,” she said.
The merger will be beneficial, company officials said.
“This union will combine the strengths of these two dynamic organizations into a company well positioned to provide customers one point of contact with access to a wider support structure and a broader array of products,” Dave Miller, Greenwich AeroGroup’s senior vice president, said in a statement. “This will also improve our financial strength and flexibility, creating the ability to deliver long-term operating performance and significant synergy opportunities.”
Matrix supplies avionics, instrumentation and radar equipment. Professional Aviation Associates supplies rotables, airframe parts and hoses.
Professional Aviation Associates president Brian Dannewitz will serve as president of the merged compay.
Matrix, a 30-year-old company, was bought by Banner Aerospace in 1987. Greenwich AeroGroup bought Banner Aerospace in 2009.
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