6-Mar-2023 Source: Signia Aerospace
Signia Aerospace, a portfolio company of Arcline Investment Management, today announced the acquisition of Lifesaving Systems Corp. (“Lifesaving Systems” or “LSC”). Based in Florida, Lifesaving Systems is a premier global supplier of helicopter and maritime rescue and survival equipment.
“Lifesaving Systems is a leader in maritime rescue equipment and will be an excellent addition to our Signia Mission Systems business segment alongside Onboard Systems,” said Norman Jordan, Chief Executive Officer of Signia Aerospace. “Together, our products will continue to play a significant role in rescue and disaster relief operations worldwide.”
Cory VanBuskirk, President of Signia Mission Systems, will oversee both Onboard Systems and Lifesaving Systems. Mario Vittone, LSC General Manager, will continue in his role leading growth, development, and operations at Lifesaving Systems.
“We are very impressed with LSC’s dedication to safety and quality in their rescue equipment, which perfectly aligns with Onboard System’s core values,” VanBuskirk said.
Mario Vittone added, “Every hour of every day, something built at Lifesaving Systems is on or over the waters of the world, being used to save lives. We know the importance of what we are making; we know how and where it will be used — and we know that it absolutely cannot fail when it’s needed. The entire team at Lifesaving Systems is looking forward to the progress and passion that Signia Aerospace will bring to our mission as we continue to save lives, one product at a time.”