Senior Management Lead Buyout of MDS Aero
Posted on December 3, 2013
A buyout of Ottawa-based MDS Aero Support by senior management will mean a seamless transition for customers and staff, according to company executives.
“It’s business as usual,” said John Jastremski, the company’s senior vice-president for business development and one of the executives leading the buyout. He said the company would continue to have the same values under the new ownership.
MDS designs, supplies and supports testing facilities for gas turbine engines, including those found on airplanes.
According to Mr. Jastremski that means their customers aren’t just buying a product.