5 May 2009
Piper Aircraft has been sold. The new owner, Imprimis, acquired a 100% stake in the company last week from previous owner American Capital in a private transaction. Imprimis is ‘a corporate finance and investment management firm that operates from its offices in Bangkok, Singapore and Brunei Darussalam.’
Among the stated aims of the new company are to keep the Piper headquarters at Vero Beach, Florida, to fully support the development of the PiperJet and to strengthen the company’s position in core markets as well as seeking long-term growth opportunities in Asia.
“Imprimis brings a level of support that will propel Piper from its current status as a company with a strong heritage, track record of innovation and great potential to one that is growing and pushing the envelope within General Aviation,” said Piper President and CEO James K. Bass. “Imprimis’ commitment to grow Piper in both existing and emerging markets comes at a time when we are poised to enter a new era in aviation history.”
