January 6, 2021
AllClear Appoints Greg Beason as New President and Chief Executive Officer
El Segundo, CA, January 6, 2021 – AllClear and its Board of Directors are pleased to announce the appointment of Greg Beason as President and Chief Executive Officer, effective immediately. In his new role, Greg will oversee all aspects of AllClear and its subsidiaries, Airborne Technologies, AllClear Repair Services, DAC International, NASAM, TAVCO, and Williams Aerospace and Manufacturing. Greg will be based at AllClear’s global headquarters in El Segundo, California.
Greg previously served as AllClear’s Executive Chairman of the Board for several years. He has more than 30 years of experience in the aerospace industry, having previously served as CEO of Wencor Group, a leading solutions provider to the aerospace aftermarket, and in executive roles with Danaher and Honeywell.
William Hopkins, Vice Chairman of Odyssey Investment Partners, AllClear’s majority shareholder, said, “We are pleased that Greg has become the new CEO of AllClear. Greg knows the company and its markets very well, and we have collaborated successfully with him during our ownership of Wencor and more recently at AllClear. We are excited about the experience, vision and leadership that Greg brings to his new role.”
“I’m excited about leading AllClear,” said Mr. Beason. “The combination of Aero Precision and Kellstrom Defense positions AllClear to provide our customers with more comprehensive solutions. The ability to provide JIT parts, repair services and our engineering and manufacturing-expertise sets us up to further integrate with our customers.”
AllClear is the military aftermarket industry’s leading provider of mission-ready solutions, providing excellence in sustainment to the U.S. militaries and its allies. Headquartered in El Segundo, California, AllClear’s sustainment solutions cover over 40 of the most utilized military aircraft platforms, supported with distribution agreements from leading OEMs, in-house and managed repair solutions, engineered products, and manufacturing capabilities.
AllClear was formed in 2020 by bringing together two of the industry’s leading companies, Aero Precision and Kellstrom Defense. Combined, AllClear now represents more than 55 years of defense aerospace sustainment experience and expertise. AllClear is focused on the bigger mission mindset of keeping militaries mission ready. AllClear locations include Camarillo, CA; Chatsworth, CA; Chula Vista, CA; El Segundo, CA; Greenville, SC; Livermore, CA; Macon, GA; Miramar, FL; Seoul, S. Korea; South San Francisco, CA; Tokyo, Japan. To learn more visit www.GoAllClear.com.
About Odyssey Investment Partners, LLC
Odyssey Investment Partners, LLC, with offices in New York and Los Angeles, is a leading private equity investment firm with an established track record of partnering with skilled managers to transform middle-market companies into more efficient and diversified businesses with strong growth profiles. Odyssey makes majority-controlled investments in industries with a long-term positive outlook and favorable secular trends. Within the aerospace industry, the firm has a 20-year history of investing in proprietary parts businesses, MRO repair companies and aftermarket distributors. For further information about Odyssey Investment Partners, LLC, please visit www.odysseyinvestment.com.