Wichita's Matrix Aviation completes merger with Atlanta sister company
05/08/2014 10:42 AM
08/08/2014 10:24 AM
Matrix Aviation in Wichita has completed its merger with its sister company, Professional Aviation Associates in Atlanta.
The combined companies now operate in a new 46,000 square foot distribution facility near Atlanta’s Hartsfield-Jackson International Airport.
The companies are owned by Greenwich AeroGroup in Wichita.
“The completion of this merger is a major step forward in expanding our product offerings, while improving our flexibility and financial strength,” Greenwich AeroGroup senior vice president for CR&O and distribution Dave Miller said in a statement. “As a combined organization, we will work to deliver benefits to our customers, create value for our shareholders and enhance the careers of our employees.”
Matrix employed 12 people, including 11 at its site at 1701 S. Hoover. About half had been offered jobs in Atlanta, the company said in February at the time of the merger announcement.
Matrix supplies avionics, instrumentation and radar equipment. Professional Aviation supplies rotables, airframe parts and hoses.
Matrix, a 30-year-old company, was bought by Banner Aerospace in 1987. Greenwich AeroGroup bought Banner in 2009.
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