Global Parts Group, Inc. Purchases Assets of Tulakes Aero, Inc.

Augusta, KS--July, 2014--Global Parts Group, Inc. of Augusta, KS, distributors and producers of quality parts for business, general, and commercial aviation, announced today that they have acquired the assets of Tulakes Aero, Inc. of Bethany, Oklahoma and incorporated them into a new division of the Global Parts Group, named Global Parts Aero Structures, Inc. Originally founded as Jet Service Enterprises, Inc. in 1975, Tulakes also offers manufacturing, engineering, and quality inspection services to commercial, military and corporate operators as well as service centers, fixed base operators (FBOs), and charter companies.

"As part of our ongoing efforts to add capability and expertise to the Global Parts Group, we have acquired the assets and capabilities of Tulakes, a firm that has an established reputation in their specific areas of expertise. Tulakes has, among its many assets, an outstanding reputation in sheet metal and composite component repair and overhaul," noted Global Parts Group Chief Executive Officer Troy Palmer.

"We feel like this acquisition fits well into the overall business model for Global Parts. We are looking forward to continuing to expand on our capabilities in the Oklahoma facility. We have made significant investments in equipment and technology in recent months," stated Global Parts Group Senior VP and Chief Operating Officer, Malissa Nesmith.

"These acquisitions represent the latest step in the diversification and expansion of the GlobalParts Group, Inc. We have now added expertise in working with composite structure and sheet metal and are positioned to supplement the operations of airframe manufacturers as well as provide parts and services to our existing customer bases. By maintaining the former Tulakes operation in Oklahoma, we have also expanded our Part 145 Repair Station footprint and capacity beyond our Kansas location," Ms. Nesmith added.

With the addition of Global Parts Aero Structures, the Global Parts Group now includes the GlobalParts.aero parts distribution division, Global Parts Aero Manufacturing, the fabrication segment that was added in 2014, Global Parts Aero Services, the Kansas based Part 145 repair station, and another recently-formed entity, Interceptor Aviation, which is responsible for oversight and support of the Meyers Aircraft airframe.

The capabilities from Tulakes Aero bring a broad spectrum of expertise to the Global Parts family. It is involved in the repair, overhaul, exchange, and outright sale of jet parts for commercial, military, and corporate aircraft. It also manufactures wing and empennage components, including leading edges, spars, wing skins, stringers, ribs, and control surfaces; fuselage components, such as skins, stringers, and frames; metallic and composite fairings; nacelle components, such as nose caps, skins, frames, and barrels; and landing gear, crew, passenger, and baggage/cargo doors. In addition, the company provides engineering and inspection services.

"We are excited about the direction this takes our company into. We continue to look for assets and capabilities that complement our expanding business model," Ms. Nesmith concluded.

About GLOBAL PARTS Group, Inc.

GlobalParts.aero was founded in 2003 to serve the worldwide aviation spares market with cost effective, quality parts. Global Parts.aero is a certified distributor of aviation spares and has earned ISO AS9120A and ASA-100 accreditation for quality management systems. Through parts distribution, Global Parts.aero has evolved and added a Federal Aviation Administration-certified repair station and an in-house, build-to-print part manufacturing capabilities to its operations. The overhaul/ repair service, Global Parts Aero Services, Inc is FAA Part 145 certified and the manufacturing service, Global Parts Aero Manufacturing, Inc. is ISO AS9100C accredited.