AllClear Aerospace & Defense Completes Comprehensive Recapitalization to Position Company for Next Phase of Growth and Profitability
James Marceau, an aerospace industry veteran with over 30 years of experience, has been appointed by AllClear's Board of Directors as Interim Chief Executive Officer during the transition phase while a global recruiting firm retained by the board has commenced a search for a full-time CEO. Greg Beason, AllClear's CEO since 2021, has been named Senior Advisor to the company.
Said Marceau, 'AllClear provides over 20,000 unique mission critical SKUs to its over 200 aerospace and defense customers around the world. AllClear keeps legacy military aircraft fleets operational by distributing to, and manufacturing and repairing components for global customers, and remains well positioned to capitalize on the growing defense aftermarket demand. The company has earned a solid reputation over many years as a trusted partner to military institutions who rely on our quality, responsiveness, and breadth of product and capabilities. Our best-in-class employees look forward to continuing and improving outstanding customer service following the company's ownership transition.'
A new Board of Directors has been appointed following the closing of the transaction to oversee the company and represent the interests of the financial stakeholders. In addition to Marceau, the new directors are:
Jame Donath has been named Chairman of the Board. He is a seasoned investor, advisor, and corporate director experienced in helping reorganized companies address financing, M&A, and other strategic initiatives. Donath spent more than 20 years as an investor in corporate credit opportunities where he regularly led complex restructurings across the United States, Europe, and Asia Pacific. He was the Founder and Managing Partner of Magnolia Road Capital, a global event-driven credit fund, and a Managing Director at Davidson Kempner Capital Management in New York and London where he launched and oversaw the firm's European credit business. Donath started his career in the investment banking division of Goldman, Sachs & Co.
Ian Reason is an accomplished executive with 45 years of experience in aerospace and defense. He was most recently a Senior Vice President of Barnes Group and President of Barnes Aerospace, where he oversaw a $1 billion P&L comprising OEM, MRO, and revenue sharing business across 15 global locations. He has also held senior roles with Triumph Group, where he was President of Mechanical Solutions, Interiors and Structures, and BAE Systems, where he spent 12 years in various strategic and general management positions. Reason started his career in the UK Royal Navy, where he spent over 20 years as a commissioned officer specialized in Aircraft Engineering.
Donath commented: 'The closing of the consensual restructuring marks a critical milestone in AllClear's growth trajectory. The additional financial support being provided by the Senior Lenders as part of the recapitalization is a clear vote of confidence in the company's business model and ongoing transformation plan. As such, this transaction sends a strong signal to our partners, customers, and suppliers around the world that AllClear remains well positioned and well resourced as the recognized industry leader in the defense aftermarket.'
About AllClear Aerospace & Defense
AllClear Aerospace & Defense is the military aviation aftermarket industry's leading provider of mission ready solutions. We provide excellence in sustainment for the U.S. militaries and its allies. Headquartered in Miramar, Florida, AllClear's sustainment solutions cover the most utilized military aircraft platforms, supported with distribution agreements from leading OEMs, in-house and managed repair services, engineered products, manufacturing, and logistics solutions.
AllClear represents more than 30 years of defense aerospace sustainment experience and expertise, focused on the bigger mission mindset of keeping militaries mission ready. AllClear locations include Abu Dhabi, UAE; Camarillo, CA; Cambridge, UK; Greenville, SC; Macon, GA; Miramar, FL; Seoul, S. Korea; South San Francisco, CA; and Tokyo, Japan. To learn more visit GoAllClear.com.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
San Francisco Chronicle
26 minutes ago
- San Francisco Chronicle
Like the Fed, European Central Bank holds off on rate cuts amid tariff upheaval
FRANKFURT, Germany (AP) — The European Central Bank left interest rates unchanged Thursday, hitting pause on rate cuts amid uncertainty over US President Donald Trump's tariff onslaught and high-stakes trade talks marked by threats of drastically higher import taxes on European goods. Bank President Christine Lagarde said the current economic environment and the potential impact of higher tariffs was 'exceptionally uncertain." Higher tariffs could slow investment, growth and inflation - or they could be inflationary by disrupting existing supply chains for parts and raw materials. 'The sooner this trade uncertainty is resolved ... the less uncertainty we will have to deal with," she said. 'And that would be welcome by any economic actors, including trade tensions are resolved in short order, it will clear some of the uncertainty that we have weighing on the decision-making of consumers, of investors, of, untold enterprises." 'You could argue that we are on hold, we are in this wait and watch situation.' The central bank for the 20 countries that use the euro is facing the same dilemma that has led the U.S. Federal Reserve to hold off on cutting rates further: it's hard to tell how high the tariffs will end up after fraught negotiations, and what the ultimate impact will be on the economy. Fed Chair Jerome Powell has been harshly criticized by the Trump for delaying rate cuts. For his part, Powell has said the Fed wants to see the impact of the duties on prices and the economy before making any rate changes. The ECB has already cut rates eight times since June of last year. The monetary authority for the 20 countries that use the euro currency has been lowering rates to support growth after raising them in 2022-2023 to snuff out inflation caused by Russia's invasion of Ukraine and the rebound after the pandemic. With the bench mark rate now at 2%, down from a record high of 4% Analysts say a rate cut in September is a possibility but not a certainty. The reason: ECB's policymakers simply don't know the outcome of talks between the EU's executive commission and the Trump administration. Trump first set a 20% tariff for EU goods, then threatened 50% after expressing displeasure at the pace of talks, then sent the EU a letter informing officials of a potential 30% tariff. EU officials earlier held out hope of winning at least the 10% baseline that applies to almost all trade partners, and analysts think that the actual rate may be lower than Trump's tariff threats. The talks are up against an Aug. 1 deadline, but earlier deadlines have slipped as the sides kept talking. Higher tariffs, or import taxes, on European goods would mean sellers would have to either increase prices for U.S. consumers - risking loss of market share - or swallow the added cost in terms of lower profits. In either case, higher tariffs would hurt export earnings for European firms and slow the economy, which would strengthen the case for another rate cut in September. The ECB's rate cuts have helped support economic activity by lowering the cost of credit for consumers and businesses to purchase goods. Higher rates have the opposite effect and are used to cool of inflation by reducing demand for goods. Growth in the eurozone was relatively strong at 0.6% in the first quarter - though that was partly due to rushed shipments of goods trying to beat the tariffs. Inflation has fallen from double digits in late 2022 to 2% in June, in line with the ECB's target. A stronger euro, which lowers the price of imports, and softer global prices for oil have helped keep inflation moderate.
Business Wire
26 minutes ago
- Business Wire
i3 Verticals Announces Earnings Release and Conference Call Date for Third Quarter of Fiscal 2025
NASHVILLE, Tenn.--(BUSINESS WIRE)--i3 Verticals, Inc. (Nasdaq: IIIV) ('i3 Verticals' or the 'Company'), announced today that it will release its financial results for the third quarter ended June 30, 2025, on Thursday, August 7, 2025, after the Nasdaq market close. The Company will also host a conference call on Friday, August 8, 2025, at 8:30 a.m. EDT to discuss financial results and operations. To listen to the call live via telephone, participants should dial (844) 887-9399 approximately 10 minutes prior to the start of the call. A telephonic replay will be available from 11:30 a.m. EDT on August 8, 2025, through August 15, 2025, by dialing (877) 344-7529 and entering Confirmation Code 4426770. To listen to the call live via webcast, participants should visit the 'Investors' section of the Company's website, and go to the 'Events & Presentations' page approximately 10 minutes prior to the start of the call. The online replay will be available on this page of the Company's website beginning shortly after the conclusion of the call and will remain available for 30 days. About i3 Verticals The Company provides innovative software and services solutions to its public sector customers. These comprehensive solutions cover a broad range of applications, including cloud native enterprise software, all of which enable state and local governments and related agencies to serve their constituents in an efficient and seamless manner. With thousands of software installations across all 50 states and Canada, i3 Verticals is a leader in the public sector vertical. More information about the Company can be found at
The Hill
26 minutes ago
- The Hill
6 months in, Trump's unorthodox foreign policy is rewriting the rules
President Trump's return to office has marked a fundamental departure from conventional foreign policy approaches that have dominated Washington for decades. His first six months demonstrate how unorthodox methods — transactional negotiations, direct pressure and strategic leverage — can achieve breakthroughs that traditional diplomatic playbooks consistently failed to deliver. The results challenge long-held assumptions about international relations. Where successive administrations have relied on multilateral consensus-building and careful diplomatic protocol, Trump has moved decisively to address longstanding challenges through direct engagement and clear incentives. The outcomes speak for themselves: concrete achievements that decades of conventional wisdom could not produce. The June NATO summit in Brussels exemplifies this transformation. Trump secured an unprecedented agreement from member nations to increase defense spending to 3.5 percent of GDP by 2035, with Poland, Estonia, and Lithuania committing to reach 5 percent within the decade. This represents the largest collective defense spending increase since the alliance's founding. For decades, American presidents from both parties have struggled to convince NATO allies to shoulder more of the defense burden. George W. Bush, Barack Obama and others made passionate appeals with minimal results. Trump's direct pressure on individual leaders — including frank conversations about the consequences of continued free-riding — achieved what 20 years of diplomatic consensus-building could not. The breakthrough reveals how Trump's willingness to challenge diplomatic norms can produce substantive results. When allies understand that America's patience with free-riding has limits, they respond accordingly. Perhaps nowhere is Trump's departure from conventional wisdom more evident than in Iran policy. His coordination with Israel on strikes against Iranian nuclear facilities in July set back Tehran's nuclear program by up to two years according to Pentagon officials cited by Reuters — a more concrete achievement than decades of sanctions and diplomatic engagement that was slow-walking Tehran to having a nuclear bomb. This wasn't reckless escalation — it was calculated deterrence after years of failed accommodation strategies that spanned multiple administrations. Iran's subsequent diplomatic overtures to European partners suggest the strikes achieved their intended effect. Where traditional approaches allowed Iran's regional influence to grow unchecked, Trump's decisive action has forced Tehran to recalculate its strategic position. The success challenges the foreign policy establishment's preference for extended diplomatic processes over direct action. Sometimes, as Trump demonstrates, credible threats require credible follow-through. Immigration policy demonstrates another area where Trump's approach has succeeded. New agreements with Mexico and Central American nations include enhanced enforcement provisions and expanded return protocols, contributing to a more than 90 percent reduction in detected border crossings in May compared to the previous year, according to Department of Homeland Security data. The key difference lies in leverage. Trump used trade access and visa negotiations to secure these commitments, demonstrating that America's economic power can be an effective diplomatic tool. Mexico agreed to deploy additional forces along its southern border in exchange for streamlined trade procedures — a classic win-win arrangement that Biden's team never successfully negotiated. This success highlights a broader truth about international relations: Countries respond to clear incentives and consequences. When America articulates its interests clearly and backs them with appropriate leverage, even reluctant partners find ways to cooperate. Trump's approach to Africa represents a fundamental departure from the aid-focused diplomacy that characterized previous administrations. Rather than continental tours filled with promises of development assistance, Trump has hosted five African leaders at the White House in recent months, emphasizing trade and investment opportunities. This shift addresses a critical gap in American foreign policy. While recent presidents maintained traditional approaches that often created dependency relationships, Trump is building partnerships based on mutual economic interest. Early agreements with Liberia and Senegal focus on critical mineral extraction and energy partnerships — arrangements that benefit both American businesses and African development. The message is clear: America seeks partners, not dependents. By reframing relationships around mutual economic interest rather than charity, Trump is building more sustainable and dignified partnerships. Perhaps most surprisingly, Trump's tough approach has yielded diplomatic breakthroughs that eluded his predecessor. In late June, he hosted talks between Rwanda and the Democratic Republic of Congo that produced a cease-fire agreement including troop withdrawals and commitments to joint economic development. The success came from Trump's willingness to use America's full diplomatic and economic weight — not to lecture, but to incentivize. This contrasts sharply with Biden's reactive approach to international crises, which often left the U.S. struggling to respond effectively to fast-moving global events. As we assess these first six months, the question isn't whether Trump's methods conform to diplomatic norms — it's whether they work. The evidence suggests they do. In a world where traditional institutions struggle to address complex challenges, Trump's transactional approach offers a compelling alternative. His first six months suggest that sometimes bold action succeeds where diplomatic convention fails. Kurt Davis Jr. is a Millennium Fellow at the Atlantic Council and a member of the Council on Foreign Relations. He is also an advisor to private, public, and state-owned companies and their boards as well as creditors across the globe on a range of transactions.
