Butler Aerospace & Defense, LLC
TypePrivate
IndustryAerospace, defense
PredecessorButler International, Inc.
Founded1946
Headquarters
Shelton, Connecticut
,
U.S.
Number of locations
Connecticut, Florida, Indiana, Texas
Area served
India, United States
ServicesEngineering technical support
Websitebutler.com

Butler International was a United States company in the airplane service, trucking, and technical-management industries. Founded as the Chicago, Illinois–based Butler Aviation in 1947, the company spread across the United States and acquired various other aviation companies, becoming by 1970 the country's largest aviation services company. In 1974, reflecting a diversity of business interests and services in Europe, it was renamed to Butler International. Once a "giant of the general aviation industry",[1] the aviation division was sold in 1992 and merged in 1998 into Signature Flight Support, a company run by the British company Signature Aviation. The rest of the company was sold and ultimately declared bankruptcy in 2009, acquired by Butler America,[lower-alpha 1] later Butler Aerospace & Defense, a subsidiary of Select Staffing. This successor company, now owned by Indian conglomerate HCL Technologies, works almost entirely as a technical and engineering support provider for Sikorsky Aircraft Corporation.

History

As Butler Aviation

Butler Aviation was founded in 1947 by Paul Butler in Chicago, Illinois, a businessman who also served as a lieutenant for the US Army Air Corps during World War I.[3][4] The company expanded throughout the 1960s, including to New York's LaGuardia Airport and Ronald Reagan Washington National Airport in Arlington, Virginia;[3] by 1966 it had nine divisions, located in Baltimore, Maryland; Boston; New York; San Francisco; Santa Monica; West Palm Beach; and three places in Chicago.[5] The company offered fuels, aircraft maintenance, and a flight school.[6] The company opened services in Europe in 1967.[7] In 1967–8, the company was sold to Howell International Inc. (also known as Howell Electric Motors), an electric motors company, and reincorporated in Delaware; Howell renamed itself Butler Aviation International following the sale.[8][9] Butler Aviation International acquired Miami-based aviation company Air International, also known as Aviation Investments Inc., in 1969,[1] and later that year bought Mooney International Corporation, an aircraft manufacturer.[10][11]

By 1970 the company was the US's largest seller of airplane fuel—about 300 million gallons a year—and a publicly traded company on the American Stock Exchange.[7] After some restructuring, and in the face of its accumulated diversity of services, in 1974 the company was renamed "Butler International" and the aviation division made a subsidiary.[12]

As Butler International

Butler International Transport, a subsidiary, was formed as a trucking division, and a contract-based technical help division, renamed in 1978 to Butler Service Group,[13] provided technical and management support to airline, chemical, nuclear energy, and utility companies.[14][15] The company saw continuous revenue and earnings growth from 1971 to 1978, reaching $3.60 million in net income in 1975,[16] $5.5 million in 1977,[17] and $6.8 million in 1978.[14] The company acquired North American-TAB Inc., an Illinois-based communications and industry equipment company, in 1977.[18]

The company, especially the trucking division, was hit hard by the early 1980s recession; in 1982 the company's income was $3.83 million, of which $1.99 million was from its aviation division, $1.01 million from its trucking division, $472,000 from Butler Service Group, and $353,000 from other sources.[15] This figure recovered to $8.1 million in the first nine months of 1984.[19]

Dissolution and Butler America

The trucking division was sold to Schneider National Inc., a Wisconsin-based company, in 1984.[20] The company lost $1.6 million in income in the first nine months of 1985, compared to the previous year, mostly due to the sale (along with the sale of an insurance subsidiary).[21][19] In November 1986, the company announced it would be acquired by North American Ventures, Inc. for $140 million.[22][23] At the time, Butler employed about 10,000 people.[24] North American Ventures ultimately sold the Butler Aviation International subsidiary to Acadia Partners, a Texas investment firm, for $65 million in cash and $11.75 million in stock, in 1989.[24]

Butler Aviation merged with the Florida-based Page Avjet Airport Services Inc. in 1992, creating a new company, Signature Flight Support.[25] By 1998 this company had become the largest US chain of fixed-base operators.[26]

Around 1990, Butler started working with Sikorsky Aircraft Corporation.[27] In 2005, Butler International opened a location in Purdue Research Park in West Lafayette, Indiana, where they provide engineering design work and technical support to Sikorsky.[28][29] At the time, the company had 29 offices and 3000 employees.[30][27][31]

In 2009, the rest of Butler International declared Chapter 11 bankruptcy and was acquired by Butler America,[lower-alpha 1] a subsidiary of Select Staffing, Inc.; the details of the deal were not made public.[30][32] At the time, a spokesperson for the company stated the acquisition would have no impact on Butler's operations at their West Lafayette location.

In 2016, HCL Technologies acquired Butler America Aerospace for $85 million. Butler America Aerospace reported $85.4 million in revenue in 2015, with 900 engineers and seven design centers in the US. The sale did not include the staffing business of Butler America Inc.[33]

Services

Avpak

In mid 1974, Butler Aviation International introduced Avpak (stylized AVPAK), a same-day, door-to-door delivery service across 11 US and 1 Canadian cities,[lower-alpha 2] using existing commercial flights.[35] The service proved unprofitable and was discontinued in November 1975.[16]

Bibliography

Notes

  1. 1 2 Delaware company number 4690804[2]
  2. ↑ Baltimore, Boston, Chicago, Dallas, Detroit, Los Angeles, Miami, Montréal, New York, Newark, Reno, San Francisco, and West Palm Beach[34]

Citations

  1. 1 2 "Butler Aviation Bids For Air International". The Miami Herald. 10 December 1968. p. 2B. Retrieved 13 August 2022.
  2. ↑ State of Delaware Department of State: Division of Corporations. "Name Search".
  3. 1 2 "Reporting Points". Flying Magazine. September 1981. p. 19. Retrieved 12 August 2022.
  4. ↑ Webbe, Alex (28 June 1981). "Paul Butler was a Pioneer of Polo". Palm Beach Daily News. p. 7. Retrieved 12 August 2022.
  5. ↑ "Butler Aviation Is Now Nationwide". The Palm Beach Post. 29 October 1966. p. 35. Retrieved 13 August 2022.
  6. ↑ "Half Stock Is Sold By Butler Aviation". The Palm Beach Post. 28 October 1963. p. 1.
  7. 1 2 Wasserman, Bob (13 December 1970). "Butler Aviation: Englewood Cliffs". The Sunday News. p. 115.
  8. ↑ "Board to Get Second Plan For Developing PBIA Land". The Palm Beach Post. 19 July 1968. p. 2. Retrieved 13 August 2022.
  9. ↑ "Howell Buys Aviation Firm, Changes Name". The Courier-News. 26 April 1968. p. 13. Retrieved 13 August 2022.
  10. ↑ "Butler Buys Mooney, No Changes Planned". Kerrville Mountain Sun. 26 November 1969. p. 1. Retrieved 13 August 2022.
  11. ↑ "Butler Buys Mooney, No Changes Planned". Kerrville Mountain Sun. 26 November 1969. p. 1.
  12. ↑ "Butler Aviation lists new president, VPs". The Herald-News: 10. 18 June 1974.
  13. ↑ "Company changes name". The Record. 14 December 1978. pp. C21.
  14. 1 2 Stepneski, Ron (25 March 1979). "How the Top Twenty did". The Record. pp. B17.
  15. 1 2 Kent, Stephen (29 April 1982). "Butler posts 25% drop in earnings". The Record. Hackensack, New Jersey. p. 57.
  16. 1 2 "Butler International has 5th Good Year". The News. Paterson, New Jersey. 11 March 1976. p. 16.
  17. ↑ "North Jersey stock report begins". The Record. Hackensack, New Jersey. 11 July 1978. pp. A12.
  18. ↑ "Butler Acquires Industrial Firm". The Los Angeles Times. 24 August 1977. p. 15.
  19. 1 2 Stepneski, Ron (4 December 1985). "Butler scraps jet terminal plan". The Record. Hackensack, New Jersey. pp. C20.
  20. ↑ "Butler Sells Subsidiary". The Palm Beach Post. 1 January 1985. p. 51.
  21. ↑ McNair, Jim (16 August 1985). "Aviation Firms Seal $9 Million Cash Deal". The Palm Beach Post. pp. B7.
  22. ↑ Klas, Mary Ellen (21 November 1986). "Butler International to merge with venture firm". The Palm Beach Post. Retrieved 12 August 2022.
  23. ↑ Jouzaitis, Carol (21 November 1986). "Butler Aviation Services Firm Sold". Chicago Tribune. Archived from the original on 18 May 2021. Retrieved 12 August 2022.
  24. 1 2 Murphy, Robert F. (9 December 1986). "North American Ventures buys 1 million Butler shares". The Hartford Courant. p. C9. Retrieved 12 August 2022.
  25. ↑ Manning, Ric (23 September 1992). "Merger puts signature on Butler". The Courier-Journal. pp. B8.
  26. ↑ Pounds, Stephen (16 March 1998). "Signature Flight Support largest in nation". The Palm Beach Post. p. 20.
  27. 1 2 Showalter, Max (2 December 2004). "Firm to create high-tech jobs". Newspapers.com. Retrieved 15 August 2022.
  28. ↑ Remez, Michael (2 December 2004). "Sikorsky Chooses Site for Center". Harford Courant. Retrieved 15 August 2022.
  29. ↑ Heikens, Norm (2 December 2004). "State lands design jobs". The Indianapolis Star. Retrieved 15 August 2022.
  30. 1 2 Showalter, Max (17 March 2009). "Select Staffing to acquire Butler International". Journal & Courier. pp. C6. Retrieved 12 August 2022.
  31. ↑ Showalter, Max (15 July 2005). "Butler moves into research park". Newspapers.com. Retrieved 15 August 2022.
  32. ↑ "Butler makes Select deal, files bankruptcy". Staffing Industry Analysis. 2 June 2009.
  33. ↑ "HCL to acquire Butler America Aerospace for $85 million". The Economic Times. 21 October 2016. Retrieved 12 August 2022.
  34. ↑ "Introducing same-day door-to-door air parcel delivery that'll save you a bundle". Boston, Massachusetts: The Boston Globe. 19 September 1974. p. 37.
  35. ↑ Golding, George (28 September 1974). "High-Flown Promises for Airborne Parcels". The Times. San Mateo, California. pp. 7A.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.