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Around Utah

Devin Felix

August 9, 2013

Axiom Financial appointed BRANDON WELCH as branch manager of its St. George office. He most recently served as a principal at United Principal Mortgage.

SyberJet Aircraft Moves its Headquarters to Cedar City

Cedar City – SYBERJET AIRCRAFT selected Cedar City as the location for its headquarters and a new SJ30 assembly plant.

“Our decision to locate the SJ30 assembly facility and SyberJet headquarters in Utah is a result of the incentive package offered by local and sate officials and the pro-business climate that exists in the state,” says David J. Grant, chairman of SyberJet’s parent company, MSC Aerospace.

 SyberJet’s sister company, Metalcraft Technologies (MTI), has supported the aircraft industry for nearly 25 years from Southern Utah. MTI will be a major subcontractor to SJA, manufacturing and assembling the majority of the SJ30 airframe structure.

State and local governments offered a multi-year tax incentive package with a combined value in excess of $43 million to entice MSC to locate the SJA headquarters and assembly facility in Cedar City and expand MTI’s operations in Utah.

 “We are pleased with the decision to expand our operations in Utah,” says Chuck Taylor, SyberJet’s president. “Our expansion in Utah, coupled with our existing San Antonio operations, will allow SJA to fly new SJ30s off the runway at the Cedar City Municipal Airport.”

SyberJet’s plans call for completing the development and certification of a new SyberVision avionics suite and ramping up the SJ30 production line in Cedar City over the next two years.

 

Wilson Electronics Acquired by Sorenson Capital

St. George – WILSON ELECTRONICS, a manufacturer of cellular signal boosters, has been acquired by SORENSON CAPITAL. In addition, Sorenson Capital Managing Directors Fraser Bullock and Tim Layton, as well as Principal LeGrand Lewis, have joined Wilson Electronics’ board of directors. SOLAMERE CAPITAL co-invested in a minor capacity alongside Sorenson Capital.

“As a market share and performance leader in its industry, Wilson represented a compelling investment opportunity,” says Lewis. “We look forward to continuing Sorenson Capital’s tradition of taking companies to the next level by capitalizing on Wilson’s strong product leadership and transformational growth opportunities.”

Wilson’s patented technologies and market-proven designs have solved weak signal connectivity problems for individual cellular subscribers and cellular users in business and government settings for more than 14 years. Through easy-to-install antennas and signal boosters, Wilson’s signal amplifying solutions provide strong signal reception and reliable data transfer for offices, homes and commercial buildings located in weak signal areas, as well as mobile environments such as vehicles.

“We are thrilled to have found a strategic partner in Sorenson Capital to assist us in delivering improved cellular service on a greater scale,” says Jim Wilson, founder of Wilson Electronics, who will continue to serve on the company’s board of directors. “Through the industry’s most advanced line of cellular signal boosters, we help solve the leading issues facing the cellular industry today—dropped calls and inadequate data access due to poor signal penetration through vehicles and buildings while we boost weak signal strength.”

“With Sorenson Capital on board, we anticipate a significant growth phase as we continue to develop technology and consumer, enterprise and industrial products that drive value for cellular users,” says Robert Van Buskirk, president, CEO and board member of Wilson Electronics.

 

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