Bryan Perkins joins Chris for his second appearance on The FORT Podcast. Bryan is the CEO of Novaria Group, a manufacturer in the aerospace industry that makes parts for airlines and government defense groups—an industry that has clearly been hit hardest by COVID-19. Bryan is offering great insight into how Novaria has responded, the landscape his industry finds itself in right now, Bryan's recent sale to KKR, the future of M&A in the airline industry, the Boeing situation, and more. Enjoy!



For more information on Chris Powers and Fort Capital, visit www.fortcapitallp.com.

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01:46 — How has COVID-19 impacted your world and your industry?

03:55 — How does this impact compare to the impact of 9/11?

04:33 — How does this impact an airline?

06:44 — What has the transformation been in new aircraft transactions?

09:24 — Have you seen any declines in the defense industry?

11:26 — What have you seen, in terms of making new parts, over the last 30 days?

13:48 — Selling the Business to KKR

16:16 — How did you pick a banker to lead the charge on the deal?

18:00 — With KKR as a partner, is this situation more strategic and agile?

22:24 — What does KKR provide that allows you to obtain more robust data?

24:10 — What is the role of people who are solely finding lean solutions?

26:24 — What will the M&A landscape look like for Novaria as you navigate COVID-19?

31:08 — You were optimistic in ’09, do you have that same outlook now? Are sellers more interested in selling now because of this environment?

33:35 — If I was a seller, how long would it take me to sell my business to Novaria?

34:33 — Is the Boeing 737 MAX issue less impactful because of the current environment?

37:36 — With this paradigm shift in consumer behavior, are people going to figure out that they don’t need to fly as often?

40:44 — What are your thoughts on private aviation? Will it be the last to come back?

43:53 — Do you see an opportunity from this situation that will strengthen the aviation industry?

46:37 — What information does the public need to hear in order to become comfortable flying again?

49:52 — What did you tell everyone after you won the Gilbert W. Speed Award?

51:50 — How have you shifted operations in a manufacturing factory to practice social distancing?

53:21 — How are you, as a leader, communicating with your team throughout this?