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...
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!
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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?