Press release
Monday, November 9, 2015

AGC AeroComposites Names Wayne Exton as President and CEO

AGC AeroComposites, the composites and metal structures manufacturer for the aerospace and defense industry, names Wayne Exton, President and CEO.

Exton, former Group Vice President of B/E Aerospace Business Jet Group, joined the company in October bringing over 25 years of leadership experience in the aerospace and defense sector.

“I have worked with Wayne for the past 10 years and have experienced first hand his consistent success in maximizing company performance while driving growth,” said Robert Khoury, Executive Chairman of AGC AeroComposites’ Board of Directors. “During his time at B/E Aerospace’s Business Jet Group, he grew revenues from $147 million to $750 million, positioned the company from four operating businesses to fifteen and developed offshore manufacturing and engineering facilities in Mexico and India.”

AGC AeroComposites has four sites in Hayden, Idaho, and Yeovil, Portland and Derby in the U.K. and specializes in composite manufacturing, metal fabrication, design and engineering.

“Our focus as a team will be will be centered on maximizing the global enterprise’s performance by driving the company's strategy of pushing ahead with product development, entering new markets and finding ways to become more efficient while remaining competitive,” said Exton.

About AGC AeroComposites

AGC AeroComposites supplies the aerospace & defense industry with composite and metallic aerostructures and components. The company’s global footprint is comprised of strategically located sites providing local and immediate support to customers. Integrated solutions range from early stage design, rate production, to full-term sustainment making AGC AeroComposites the industry’s trusted lifecycle partner. AGC AeroComposites is jointly owned by Acorn Growth Companies and Edgewater Funds.

About Acorn

Acorn Growth Companies is an operationally focused, middle market private equity firm investing exclusively in Aerospace & Defense. Today, the firm operates a portfolio of companies under the AGC Aerospace & Defense portfolio brand.

About Edgewater

The Edgewater Funds is a Chicago-based private equity firm with $1.4 billion in committed capital. Through Edgewater Growth Capital Partners, we partner with management to help accelerate growth in their businesses. Edgewater focuses on funding high quality middle market companies where we can add substantial value through our capital, our experience and our broad network. Edgewater leverages the experiences of its Partners and the Executive Advisory Board who have distinguished themselves as successful CEOs and business leaders.