Airman Inc., Creative Pneumatics Is Acquired By Lionheart Industrial Group

By: Lionheart Industrial Group
 
Lionheart Industrial Group, Buyer of AIRman
Lionheart Industrial Group, Buyer of AIRman
WIXOM, Mich. - March 17, 2015 - PRLog -- AIRman Inc., Creative Pneumatics announced today that it has sold its assets to Lionheart Industrial Group (LIG), an industrial manufacturing group headquartered in the greater Philadelphia area. AIRman Creative will be the fourth business unit for LIG.

According to Lionheart Industrial Group’s CEO, David S. Bovenizer, "AIRman is an exciting addition to LIG. They have an impressive track record of producing creative solutions for difficult pneumatic control applications and an incredible talent for doing it so quickly and cost effectively. Airman is a perfect fit into our professional entrepreneurship model.”

AIRman Inc. will be conducting business as Airman Products after the acquisition. AIRman, Inc.'s original team members will continue on to help Airman Products, LLC as the new company moves forward. Mr. Stephen Burke, Founder of Airman Inc., stated, “With LIG’s long term philosophy and proven portfolio of successful companies, we're confident LIG can help Airman reach the heights of all its capabilities and drive strategic investment in product development, manufacturing technology and business management systems.”

About AIRman Inc., Creative Pneumatics
AIRman Inc., Creative Pneumatics engineers and manufactures pneumatic control and actuation solutions for a variety of industrial applications including heavy transport, medical, chemical processing, agriculture, food processing, fuel delivery, lumber production, textiles, mining, welding and packaging.

About Lionheart Industrial Group
Lionheart Industrial Group is an industrial holding and operating entity that focuses on long term business-building for the its portfolio companies. LIG concentrates on unlocking the growth potential of acquired companies enabling them to prosper in the global economy. LIG’s other business units include businesses in the combustion, centrifugal pumps and aerospace sectors.

Contact
Patrick Laphen
***@lionheartventures.com
(215) 283-8403

Photo:
https://www.prlog.org/12436481/1
End
Email:***@lionheartventures.com
Tags:Acquisition, Pneumatics, Actuation, Transport, Truck, Construction, Vehicle
Industry:Business, Deals, Finance
Location:Wixom - Michigan - United States
Subject:Mergers
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