Merex Group Appoints Jonathan A. Silva as President of MRO Solutions

The Merex Group, a Dubin Clark & Company portfolio company, is pleased to announce the appointment of Jonathan Silva to the role of President of the MRO (Maintenance, Repair, and Overhaul) Solutions business unit. He succeeds former MRO Solutions President, Dan Godin, who has accepted the role as the Chief Executive Officer of Air Industries (AMEX:AIRI).

Silva will be responsible for the full P&L, strategy, and overall leadership of all MRO business units within the Merex Group, including integrated MRO repair stations at ALCO (Livermore, CA), Kellstrom Repair Services, Inc. (Miramar, FL), High Tech Avionics & Accessories (Miramar, FL) and the International Repair Management Services Group (Miramar, FL). His immediate focus will be on the continued development and harmonization of the MRO team into a cohesive, world class business as well as the execution of the business unit growth strategies. As President of MRO Solutions, Silva will also work with the Merex Group business development team on a variety of strategic projects focused on customer account development and follow-on MRO acquisitions. He will report directly to the Merex Group CEO and will be located at the Kellstrom Defense Aerospace, Inc. headquarters in Miramar, FL.

Jon brings over 20 years of experience managing complex aerospace and defense businesses with a focus on the creation of enterprise value that couples sales & marketing with organizational transformation. He is a cross functional leader who builds successful teams that clearly translate financial requirements into operational characteristics across the organization to drive growth and profitability.

Silva was most recently engaged as Vice President and General Manager of Ellwood Texas Forge, a division of Ellwood Group, where he drove significant increases in market share, revenue and margins, and operations transformation through lean manufacturing and new product development processes.

Prior to that, Silva served as General Manager at McWilliams Forge Company, a Subsidiary of Precision Castparts Company (NYSE:PCP), where his business transformation model yielded an impressive and sustainable revenue increase, a new customer base, and the introduction of a suite of new, innovative products.

Previously, Silva held the position of Vice President and General Manager for industrial and defense business units; Spence Engineering Division and Leslie Controls at CIRCOR International (NYSE:CIR) where he implemented comprehensive strategies to address operational performance, customer base, and product line expansion to successfully grow revenue, profits, and market share across the business units.

Silva also spent nearly a decade of his career at Honeywell International (NYSE: HON) at various divisions in roles of increasing responsibility including: SixSigma Leader for the Global Headquarters; Senior Product Line Manager for the Hydro-Mechanical Controls Product Line; Director of Business Development; and Strategic Marketing, Forecasting and Marketing Communications Leader for the Lighting and Electronics Product Line.

Silva holds a B.A. in Political Science from Ohio Wesleyan University, an M.A. in American History from Kansas State University, and a Ph.D. in History from The Ohio State University. He is also a SixSigma Black Belt.

"Jon brings a successful track record leading aerospace businesses, while driving organizational and business transformation. His wealth of experience in market development, business leadership and overall growth makes him well suited to succeed Dan in continuing to build out our overall MRO capability for legacy defense aircraft and rotorcraft," stated Christopher R. Celtruda, Merex Group CEO.

The Merex Group is headquartered in Camarillo, CA and is focused on the sustainment of legacy US defense aircraft in over 35 countries globally.

About Merex:

The Merex Group is a global provider of comprehensive support for U.S. manufactured legacy defense platforms including aircraft, helicopters, and their respective engines. Supporting more than 35 armed forces worldwide that operate legacy defense platforms, the Merex Group "Total Support" approach of providing spares/components, repair/overhaul management, manufacturing & engineering solutions and overall program management has been instrumental in the company's success in this growing market. The Merex Group is headquartered in Camarillo, California and is a Dubin Clark Portfolio Company. Further information is available at: www.merexinc.com

About Kellstrom Defense:

Kellstrom Defense Aerospace, Inc. ("Kellstrom Defense") is a leading provider of aftermarket logistics support for military and defense platforms around the world, including but not limited to C-130, F-16, F-5/T-38, P-3, Boeing 707 defense derivative aircraft, and multiple rotary-wing platforms. Kellstrom Defense specializes in complete Supply Chain Management (SCM) services through establishing strategic alliances and partnerships with the defense aviation industry's leading manufactures and repair centers, providing a suite of solutions for Operators, Depots, and Aircraft MRO Centers worldwide sustaining legacy military platforms. Further information is available at: www.kellstromdefense.com

About Dubin Clark & Company:

Dubin Clark & Company is a private equity investment firm founded in 1984 exclusively on purchasing and cultivating businesses into profitable enterprises, all the time working alongside the businesses' preexisting management. The organization has a philosophy of "Maintaining each company's values, independence and culture; our goal is to build on what has already been achieved." Further information is available at: www.dubinclark.com