Corrum Capital backs AvAir MBO

Aftermarket parts supplier, AvAir, has been acquired in a management buy-out (MBO) backed by new equity partner Corrum Capital. AvAir president Mike Bianco is now CEO, and is joined on the board of directors by Jason Cipriani, co-managing partner of Corrum Capital Management and Michael Robinson, senior advisor to Corrum Capital Management. “AvAir has developed a leading brand as an aftermarkets solutions provider and continues to prove itself as a top leader in the aviation industry,” said Cipriani. “We look forward to working with Mike and the AvAir team to execute on a long-term, global growth strategy.” AvAir founder Robert