Pats Now Part of Wayzata Investment

 - November 5, 2010, 11:20 AM

With completion of the sale of DeCrane Aerospace to Goodrich in September,
the former DeCrane completion and ­refurbishment center and auxiliary fuel ­system specialist Pats Aircraft Systems has ­relaunched itself as a stand-alone company with considerable financial backing.

While Charlotte, N.C.-based Goodrich acquired most of the DeCrane ­companies earlier this year, Pats became part of Wayzata Investment Partners. Wayzata
was involved in the financial arrangement for the DeCrane acquisition.
Under the new umbrella, Pats is refocusing on cabin completion and refurbishment of one-off-one-at-a-time aircraft, “delivered under budget and on time,” said new Pats CEO John Martin.

At the same time, the company will ­continue to provide auxiliary fuel and tank systems. Pats also holds an FAA Part 145 ­repair ­station ­certificate and will continue to perform maintenance and modifications, a capability ­critical to both the interior and auxiliary fuel tank systems work.