Paul McElhinney, Longtime Aviation and Power Generation Executive, Joins AE Industrial Partners as Operating Partner

BOCA RATON, Fla.–(BUSINESS WIRE)–#aviationexecutive–AE Industrial Partners, LP (“AEI”), a private equity investor in
aerospace, power generation and specialty industrial companies,
announced today that Paul McElhinney has joined the firm as an Operating
Partner. He will also be joining the Board of Directors of two AEI
portfolio companies, Belcan and Kellstrom Aerospace.

Mr. McElhinney brings to AEI over 30 years of operations and leadership
experience in aviation finance, and jet engine and industrial gas
turbine support services markets. He was most recently the President and
Chief Executive Officer of GE Power Services, as well as Senior Vice
President of GE.

“Paul has been a leading executive in our target markets for a long
time,” said David Rowe, Managing Partner of AEI. “His sector knowledge,
relationships and operational know-how will have an immediate, positive
impact on AEI’s portfolio companies and our firm’s overall strategic
direction. We are extremely excited to welcome Paul as a member of the
AEI team.”

Mr. McElhinney has held numerous positions and successively larger
leadership roles at GE throughout his career, including serving as the
Chief Executive Officer and President of Power Generation Services, a
$15 billion business with 26,000 people in more than 150 countries from
May 2014 through December 2017. He previously served as CEO and
President of GE Aviation Services, the aftermarket arm of GE Aviation,
and also served as General Counsel and Head of Business Development of
GE Aviation earlier in his career. Mr. McElhinney began his GE career in
1992 in GE Capital Aviation Services (GECAS) in Shannon, Ireland,
serving as General Counsel before moving to GE Aviation in 2002. He
started his career in aviation financing in 1988 at GPA Group, which was
later acquired by GE Capital Aviation Services.

Mr. McElhinney’s past board affiliations include Cincinnati Northern
Kentucky International Airport, Cincinnati Chamber of Commerce, Wake
Forest University School of Business and the Metro Atlanta Chamber of
Commerce. He was also a member of GE’s Corporate Executive Council, as
well as GE’s Services Council. Mr. McElhinney holds an Honors Degree in
Law from Trinity College in Dublin, Ireland.

About AE Industrial Partners

AE Industrial Partners is a leading private equity firm specializing in
control-oriented investments in aerospace & defense, power generation,
and specialty industrial businesses. AEI invests in market-leading
companies that can benefit from its deep operating experience, industry
knowledge, and relationships. Learn more at www.aeroequity.com

Contacts

Owen Blicksilver Public Relations
Jennifer Hurson, 845-507-0571
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or
Carol
Makovich, 203-622-4781
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