AE Industrial Partners, a private equity firm specialising in Aerospace, Defense & Government Services, Power Generation, and Specialty Industrial markets, announced today that Kevin McAllister, former president and chief executive of Boeing Commercial Airplanes, has joined the firm as a senior operating partner, effective immediately.
McAllister will also serve as co-head of the newly formed AE Industrial Portfolio Strategy and Optimization Group (PSO Group). Paul McElhinney, an AEI Operating Partner, has been promoted to co-head of the AEI PSO Group and Senior Operating Partner.
To assist in maximizing the value of all AEI portfolio companies, the AEI PSO Group will serve as a resource to each company to help strengthen their strategic planning processes, leverage the firm's industry relationships to accelerate growth, improve quality and productivity, and foster a strong culture of safety, performance, learning, and people development.
"Having an industry leader of McAllister’s calibre join AE Industrial is not only an honour, but it's also a sign that the firm is recognized as one of the leading investors in aerospace and Defense," said David Rowe, Managing Partner, AEI.
McAllister served as president and chief of Boeing Commercial Airplanes from 2016 through October 2019. Prior to joining Boeing, he spent 27 years with GE Aviation, where he most recently served as president and chief executive of GE Aviation Services.