Raisbeck Engineering (Booth C11812) has signed a definitive agreement to acquire the assets of Butterfield Industries including all of its products and STCs. The deal is expected to close by the end of this month. Terms of the proposed transaction were not disclosed. Butterfield produces FAA replacement parts for numerous King Air models. Products include floorboards, fuel point pans, oil residue collection systems, air/oil separator systems and flow-through anti-ice kits. Butterfield, based in Meridian, Idaho, has manufactured King Air parts for 30 years.
"Wayne Butterfield, the founder of Butterfield Industries and principal inventor of its systems, has been a corporate partner and a friend dating back to 1982," said Raisbeck founder and chairman James Raisbeck. "Many of the aircraft that carry Raisbeck modifications also carry Butterfield systems."
Combining the companies will create "an environment for strategic growth," said Rick Nagel, managing partner of Acorn Growth Companies, owner and managing partner of Raisbeck.
