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Ranger Aerospace Cruises to Over $100 Million - Again - in Less Than Four Years; - Venture Marks Another Successful Execution of Segment Consolidation Strategy for Aviation Services Investment Group.

Publication: PR Newswire
Publication Date: 14-DEC-04 		Format: Online - approximately 746 words
Delivery: Immediate Online Access

Article Excerpt
PHILADELPHIA, Dec. 14 /PRNewswire/ -- Keystone Ranger Holdings, the aviation private equity group formed and led by Steve Townes of Ranger Aerospace, topped just over $100 million in 2004. The group expects growth in 2005 to reach approximately $120 million, excluding any additional acquisitions that might be made. The milestone marks the second time Mr. Townes and his partners have led a segment consolidation venture's revenues to over $100 million in less than four years. Over the last several years, this Ranger venture has posted Compound Average Growth Rates for both revenues and profitability of over 20%.

(Photo: http://www.newscom.com/cgi-bin/prnh/20041214/PHTU022 )

Aircraft Service International Group (ASIG), Ranger's previous venture, grew from under...

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