In late March, we announced the sale of our client Critical Technologies, Inc.—doing business as Air- Vault®—to GE Aviation. AirVault provides patented electronic records management solutions to airlines worldwide. The combination of AirVault and GE further enables web-based fleet records management across the aviation ecosystem.
For nearly a decade, FOCUS has provided strategic advice to AirVault, resulting in this compelling transaction with one of the world’s most well-known and highly regarded companies.
AirVault Chairman John Frick noted, “The strategic fit provided by this transaction is exceptional; our acquirer counts nearly every airline in the world in its customer base, which provides an exciting growth path for the business. The FOCUS team has been a valuable partner to us over the years, and we would not be celebrating this transaction with- out their help and guidance.”FOCUS AirVault Reprint
Douglas E. Rodgers, FOCUS Chairman Emeritus, served as CEO and Managing Partner from 2001 until late 2018. During his time as CEO, he led the firm’s growth from one office in Washington, DC, to three offices across the US. He has C-level management experience in software, aerospace, e-commerce, manufacturing and distribution, real estate and construction, serving both commercial and government clients. He has served FOCUS clients across many industries emphasizing merger and acquisitions opportunities. As FOCUS Chairman he currently develops and manages relationships with strategic partners and clients.
Before joining FOCUS Mr. Rodgers served as the President and CEO of Corcentric, Inc, an e-commerce services provider spin off from Litton Enterprise Solutions. As the first CEO of the company, he raised both venture and debt capital and led the company to achieve 500,000 electronic transactions annually with a transaction volume of $180 million, including over 30 Fortune 1000 trading partners. As CEO of Global Software Corporation, which served the government public safety market, Mr. Rodgers raised venture and debt capital, guided the development of initial software products and sales to reference clients. As President and CEO of Perfection Equipment Company, a distributor and manufacturer of industrial goods to the oilfield services and transportation industry, he was instrumental in the merger and IPO into a NYSE industry consolidation play. Mr. Rodgers is also a founding director of a National Bank and a manufacturing company. Prior to Perfection Equipment, he was Vice President of business development for a $150 million real estate developer.
Mr. Rodgers is a pilot, with ATP and jet ratings, a BS in Aerospace Engineering and MBA coursework. He was educated at the U.S. Air Force Academy and the University of Kansas; he has been a member of the Young Presidents Organization, (YPO) since 1988, served as the president of the Oklahoma City Chapter in 1996, and is currently a member of the Washington Baltimore YPO Gold chapter.
FOCUS Advises AirVault in Strategic Sale
