SEATTLE–Acorn Growth Companies, a private equity firm investing exclusively in Aerospace, Defense and Intelligence, announced Lynn Thomas as the new president of its portfolio business, Raisbeck Engineering Inc. headquartered in Seattle, Washington.
“Since Lynn joined Raisbeck Engineering in the spring of last year as our VP of sales and marketing, he has transformed our sales organization achieving consistent growth,” said Rick Nagel, managing partner of Acorn Growth Companies. “I am delighted to promote Lynn to the role of president. As a pilot, his passion for the business and 35 years of business experience will have a continued, positive impact on the growth and profitability of Raisbeck Engineering.”
Thomas is an experienced executive with an extensive background in all disciplines of business management, including strategies for increased growth and profitability, market positioning and effective financial planning.
Most recently he served as the vice president of sales and marketing at Raisbeck. Throughout his career he has served in several leadership roles within general aviation companies, including Banyan Air Service, Quest Aircraft and Aviat Aircraft. Earlier in his career he served as an investment advisor with Everen Securities and Paine Weber.
Thomas holds a Bachelor of Science degree from University of Northern Colorado. He currently holds a commercial pilot and instrument rating for land and sea – soloing for the first time at age 16.
Founded in 1982 Raisbeck Engineering develops, markets and manufactures worldwide-certified performance improvement systems for some of the most prolific commercial and general aviation aircraft models in the market today.
“It is a true honor to lead the most talented team of men and women in the aviation industry,” Thomas said. “The opportunity to build on the legacy that James Raisbeck began and maintain our position as the innovative leader in aviation performance and comfort solutions for business and commercial aircraft is truly the highlight of my career.”
About Raisbeck Engineering Inc.
Raisbeck Engineering Inc., an Acorn Growth Company, is a leading provider of aircraft modifications for business and commercial aircraft. Dedicated to improving performance and efficiency for aircraft owners, Raisbeck Engineering’s aerodynamically designed enhancements deliver better performance results and improve passenger comfort. Raisbeck.com
About Acorn Growth Companies
Acorn Growth Companies is a middle market private equity firm focused exclusively on Aerospace, Defense and Intelligence. Acorn invests solely in operating companies that strive to enhance global mobility and protect national interests. Acorn has a formidable reputation in the industry and is recognized for its deep understanding of the Aerospace & Defense markets, with proprietary access to the best companies within these sectors. With operational expertise and its ability to lead and manage investments through variable economic and industry cycles, Acorn works in tandem with management to build its portfolio companies into significant market leaders. AcornGrowthCompanies.com
Media Contact:
Kath Searle, Acorn
682-888-4466
Investor Contact:
Brandon Bradford, Acorn
917-224-8399
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