July 28, 2014 8:52 AM ET

Aerospace and Defense

Company Overview of Edac Technologies Corp.

Company Overview

EDAC Technologies Corporation provides design, manufacturing, and services for tooling, fixtures, molds, jet engine components, and machine spindles in the aerospace, industrial, semiconductor, and medical device markets. The company produces low pressure turbine cases, hubs, rings, disks, and other tolerance components for various aircraft engine and ground turbine manufacturers. It also offers rotating components, such as disks, rings, and shafts; and precision assembly services, including the assembly of jet engine sync rings, aircraft welding and riveting, post-assembly machining, and sutton barrel finishing. In addition, the company provides jet engine parts; services, such as electron ...

1806 New Britain Avenue

Farmington, CT 06032

United States

Founded in 1946

480 Employees

Phone:

860-677-2603

Fax:

860-674-2718

Key Executives for Edac Technologies Corp.

Chief Executive Officer and President
Age: 54
Vice President of Finance
Age: 58
Vice President of Business Development
Age: 50
Compensation as of Fiscal Year 2014.

Edac Technologies Corp. Key Developments

EDAC Technologies Corporation Announces Management Changes, Effective September 30, 2013

EDAC Technologies Corporation announced the appointment of J. Mark McDonald as President and Chief Executive Officer. Mr. McDonald joins EDAC from Rolls Royce, where he served as Chief Operating Officer and Executive Vice President of Energy. Current EDAC CEO Dominick A. Pagano is retiring but will remain with the company for a period of time to facilitate a smooth transition and will also continue to serve thereafter as a member of EDAC's Board of Directors. Mr. McDonald will assume his duties on September 30, 2013.

GE Antares Provides $89.5 Million Credit Facility to EDAC Technologies Corporation

GE Antares, a unit of GE Capital, announced it is serving as administrative agent for a $89.5 million senior credit facility to support Greenbriar Equity Group's acquisition of EDAC Technologies Corporation. GE Capital Markets acted as joint lead arranger and sole book runner.

Edac Technologies Corp.(NasdaqCM:EDAC) dropped from NASDAQ Composite Index

Edac Technologies Corp. will be removed from NASDAQ Composite Index.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
July 31, 2013
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