Air Enterprises LLC

Headquarters: Akron, OH
Offices: Ireland and Singapore
Industry: Air Handling Systems
Transaction Type: Chapter 11 section 363 sale (Resilience was stalking horse)
Date of Investment: August 2005
Investor: Resilience Fund I
Exit Date: August 2006

Founded in 1964, Air Enterprises is the global leader in designing, engineering, manufacturing and supporting air handling systems. The company is focused on serving the most demanding and stringent air quality environments such as hospitals, pharmaceutical manufacturers, research laboratories, as well as various homeland security applications.

In August of 2006, Resilience sold its investment in Air Enterprises to management and its investor group. The turnaround was quick and resulted in a profitable, growing business.