Flight Display Systems acquired by HPEF III
Nov. 11, 2014, Atlanta, Ga. - Flight Display Systems has announced that it has been acquired by Harbert Private Equity Fund III. Reed Macdonald has been appointed Chief Executive Officer.
Flight Display Systems has been at the forefront of innovation in the cabin technology sector for over a decade. This investment will extend the legacy of innovation and strengthen its position as a customer-centric provider of premium aircraft electronics. The acquisition will fuel continued growth, expand engineering and production capabilities, and further enhance partner relationships.
Reed Macdonald commented, “I am extremely pleased to have HPEF III backing the FDS team. There is a strong platform to build on, and I look forward to continuing to bring new and innovative products and services to market as well as enhancing the quality and reliability of our products through investments in systems, processes and human capital. This transaction brings significant momentum to a talented team.”
Mr. Macdonald, who had previously served as the company’s Chief Operating Officer, steps into the leadership role of the company possessing extensive knowledge of Flight Display Systems markets, clients, and robust product capabilities. He has a track record of building successful companies. His experience and leadership will assure a seamless transition.
Founder, David Gray commented, “I am pleased to entrust Flight Display Systems to the capable hands of Reed Macdonald and the talented management team. I look forward to watching them take the company to new heights.”