Kansas City-based investment firm Curran Companies has taken a controlling interest in Executive AirShare through an investment that company executives said will enable the regional fractional ownership provider to grow into new markets. Executive AirShare founder Bob Taylor and investor Dave Murfin maintain “significant ownership” in the enterprise but Curran will control the business, reformed under a new LLC. Terms of the investment were not disclosed.
“Executive AirShare’s business is poised for substantial growth, especially to new cities near our existing geographical footprint,” said Curran president Wiley Curran. “We see significant opportunities to leverage technology on top of the current business model to produce an even better service for our customer base. We want to be the middle market’s flight department.”
Curran Companies, a father-and-son venture, became Phenom 300 shareowners through Executive AirShare in 2013. They complete their investment as Executive AirShare takes delivery of its 10th Phenom 300 and a Beechcraft King Air 350i.
“The Curran group brings enthusiasm, business experience and capital to support the company’s expansion into new markets,” said Taylor. “I have truly enjoyed the last 15-plus years and look forward to future participation.”
July 7, 2016, 12:59 PM