Industry Veteran Mike Ingram Appointed President & CEO of Shadin Avionics

BROOKLYN, NY, Nov. 29, 20210 — Maverick Investment Company, the owner of Shadin, L.P. d/b/a Shadin Avionics, is excited to announce the appointment of industry veteran Mike Ingram as its new President & CEO. Mike has spent his entire career in the avionics industry and has a track record of building and supporting great teams. He brings his broad expertise in avionics, systems engineering, software development, certification, and product management to Shadin Avionics’ growing Flight Performance and Aircraft Interface Systems (AIS) products.

Mike has extensive experience in the development of integrated flight decks, engine display systems, and other avionics products, and growing these product lines into profitable businesses. Most recently, he served as Vice President and General Manager of the Avionics Business Unit at Honeywell Aerospace, a division of Honeywell International, where he oversaw strategy, product management, and sales for the $2 billion Business and General Aviation, Air Transport and Military division.

During his career, Mike has also served as Vice President of Strategy and Growth at AVIAGE SYSTEMS (GE/AVIC Joint Venture) based in Shanghai, China, and progressively more senior roles at Avidyne Corp. in engineering and product management positions. He is an experienced, hands-on leader who will utilize his engineering and pilot skills to expand Shadin Avionics’ success in existing and new business areas.

“Mike will be an excellent President & CEO of Shadin Avionics and we are excited that he has joined the team. He is a strong and positive business leader with a broad network in the aerospace industry and will leverage his deep technical and business experience to find new opportunities for Shadin Avionics’ existing Engine Monitoring and Interface Converter products, all while growing the company’s other product lines,” commented Michael Healy, Chairman of Maverick Investment Company. “With his 25+ years of development, commercial and operational experience, and a track record of managing profitable growth, Mike is the right leader for the next phase of growth at Shadin Avionics.”

“I’m thrilled to be joining Shadin Avionics at this transformative time in the aerospace industry,” added Mike. “With so much new development in defense, sustainable, connected and autonomous aviation, I look forward to working with the team to adapt, accelerate, and grow the business to create long-term value for our customers and owners.”

Mike has an undergraduate degree in Electrical and Computer Engineering from Worchester Polytechnic Institute and holds a Master’s degree from the University of Rhode Island in Ocean Engineering.

About Shadin Avionics

Shadin Avionics is an acknowledged industry leader in providing world class data collection and data conversion products for all types of aircraft. Shadin Avionics specializes in the design, manufacture, support and distribution of Avionics Interface Systems (AIS), Fuel Flow Systems, Engine Trend Monitoring (ETM), Altitude Management Systems, Air Data Computers (ADC) and other instrumentation for turbine, piston and rotor aircraft for the military, general and corporate aviation markets. For more information, please visit www.shadin.com.

About Maverick Investment Company

Maverick Investment Company is an operationally-focused holding company acquiring smaller middle-market aerospace & defense businesses. Backed by Gardner Standard, Maverick acquired Shadin Avionics in 2020 and Electronic Concepts and Engineering, Inc. (www.eceinc.com) in 2021. Maverick Investment Company is actively seeking new investment in aerospace & defense businesses. For more information, please visit www.maverickinvestco.com.

About Gardner Standard

Gardner Standard is a private investment firm that invests in lower middle-market companies and traces its origin to a Minnesota-based, family-run business founded in 1884. Gardner Standard considers investments in a wide variety of market segments, including manufacturing, aerospace & defense, industrial services, and engineered industrial products. The fundamentals of a business, particularly its growth prospects and competitive position, are Gardner Standard’s focus rather than a specific market segment. In addition to traditional private equity investments, Gardner Standard targets opportunistic investments in high quality operating businesses with low-quality balance sheets. For more information, please visit www.gardnerstandard.com.