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Approved Air Parts, Inc

FAA Mfrg Licensee w High margin, low-volume mfrg & refurb model w high-growth potential & clearly defined 5 year exit strategy

  • Stage $1M in TTM Revenue
  • Industry Business Products
  • Location Mars, PA, USA
  • Currency USD
  • Founded February 1990
  • Employees 4
  • Website

Company Summary

A FAA mfrg Licensee offering 25-35% lower cost & 75% shorter delivery solution to high OEM prices in the $1B Aerospace Bearing & replacement parts market. At this time we sub-contract all production. Our objective is to increase our FAA Mfrg Licenses (FAA-PMAs). To accomplish this we need to expand our existing operation to include short run aircraft bearing mfrg and refurbishment. This capability does not readily exist; we have to build it.


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    Steve Grieme

    With over 37 years in the industry I am an expert in the Aerospace aftermarket and distribution, and uniquely qualified to bring together the necessary relationships and experience to make this a successful venture. My experience also makes the rare, critical connection between both the aerospace and bearing industries. I am proficient in all capacities within the operation. I founded or co-founded 5 Aerospace Parts businesses.

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    Karl Brode
    Mfrg Mgr

    39 Yrs of Ind Exp in mfr of technical products made to order. Machine Operator, Supervisor, Engineering, Quality & Ops management. I have lead operations implementation of ERP systems (J.D. Edwards and Symix), the implementation of Lean manufacturing, ISO9001: 2001, and Six-Sigma. I am a 6-Sigma Black Belt (Motorola training and certification). Karl will join the company when funding is received.

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    Withheld Withheld
    Refurbishment Mgr

    27 Yrs Industry Exp. Co-authored paper for NASA on bearing refurbishment. Expert performing Reverse engineering, specification drawings, spec development, QC test procedures, Bearing Failure Analysis, bearing refurbishment/ overhaul.Currently employed- Will join the company when funding is received.

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    John Miller
    Quality Mgr

    Quality Manager and primary liaison to the FAA, with strong emphasis on building a trusted relationship and proven track record. I am an expert at obtaining FAA Mfrg Licenses. I conduct R&D of the PMA part candidates; oversee test and analysis, coordinate with engineering and manufacturing, and handle the entire FAA application package. I later inspect, oversee testing and approve the manufactured product.

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    Joanne Grieme
    VP & CFO

    I have been with the company since 1996. I am thoroughly familiar with all aspects of the company operation. Operational duties include finance & accounting, inventory management, and inside sales. I currently hold the position of VP and CFO


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    Joe Weis
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    Larry Friedberg

Previous Investors

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