Miramar-based AllClear Aerospace and Defense will undergo a major ownership and leadership change through a consensual restructuring deal approved by U.S. regulators. The distributor of aftermarket components for military aircraft will transfer majority ownership to its senior lenders and receive new capital to support future growth and profitability. The restructuring allows the company to avoid bankruptcy and positions it to strengthen operations across key U.S. and international markets.
AllClear serves more than 200 aerospace and defense customers globally, manufacturing, repairing and distributing aftermarket parts for military aircraft. It partners with major players such as Honeywell, Parker Aerospace, and Valcor.
With operations spanning the U.S. and international locations – including Japan, South Korea, and the United Kingdom – AllClear is a key contributor to global military supply chains. The company’s South Florida base offers strategic advantages for servicing U.S. military partners throughout the Americas and abroad.
Under the new structure, James Marceau of Alvarez & Marsal has been named interim CEO while a search is conducted for a permanent leader. Former CEO Greg Beason will serve as senior advisor. The new board of directors reflects AllClear’s global ambitions. It will be chaired by James Donath, founder of Magnolia Road Capital, with Barnes Group aerospace executive Ian Reason also joining the board.
