The airspace has always been a major focus for Edward Crawford and Ralph Manning, who started Coltala Holdings Fort Worth based in 2017.
“We were expecting to jump immediately to invest in the airspace,” Crawford said.
This did not happen, not that Coltala Holdings has not been successful in building a portfolio by investing more than $ 400 million in capital in 24 businesses ranging from health care to real estate to construction.
Now, as the company announced on February 18, the group has landed their first airspace assets and created Coltala Aerospace, which aims to advance the airspace and protection industries.
“We love our businesses, but this has been a passion that we have tried to get since we opened Coltala,” Crawford said.
To make its entrance to the airspace, Coltala Holdings won a large share of the Mansfield-based Group-based Mansfield Company, which will be re-taught as Coltala Aerospace. The Group airarts reached a record growth last year by over 60%, according to Manning and they expect more in the near future.
The Coltala Aerospace portfolio will consist of:
- Design and consultation of aircraft certificate, a plane repair counseling firm.
- Machining Airs, a manufacturer of specialized aircraft parts as well as a repair shop.
- Evans compositions, a repair store that focuses on curls, entrances, wings, flames, control surfaces and other areas.
The business will be based on mansfield.
These companies serve the commercial and military sectors of the airspace, providing precise processing, repair station services and engineering expertise that comply with Coltala’s mission to strengthen critical infrastructure through essential service companies. As with other Coltala investments, companies are based on the Dallas-Fort Worth area.
Being in the center of the country is a great advantage, Manning said, as parts can be easily sent by each coast.
Many of these airspace companies were started by Baby Boomers who are now seeking to sell or refinance their businesses while new ownership takes over, Manning said.
“They love their craft,” he said. “They just go deep in that and they are not really looking at what’s going on in the industry, so they really haven’t been able to grow. You have a basis of aging ownership and they often have to sell . ”
Coltala Aerospace will be directed by Dale Gabel, CEO and Ricky Armstrong, founder and COO, of Group Airs.
Coltala worked closely with the APG management team for several months before completing the purchase.
“In an era where the credibility of national security and the supply chain are more critical than ever, Coltala Aerospace is well positioned to meet these challenges and turn them into opportunities,” said Crawford, a Navy veteran . “We are building a platform with large leaders like Dale and Ricky that supports the airspace and protective industries as we create opportunities for veterans and strengthen America’s position on the global market.”
“We are promoting innovation and growth in the region, strengthening DFW’s heritage as a cornerstone of the American air space industry and protection,” Manning said.
Crawford noted that the Dallas-Forte area already has many airspace industries already here and more are coming.
“There are many more movements here and we think DFW will become a very big center for this,” he said.
To finance transactions, Coltala partnership with Thornburg Bow River Advisors, a joint Thornburg Investment Management company, a global investment firm by Santa Fe, and Bow River Capital, a Denver -centered alternative assets manager.
The firm is actively looking for new investment opportunities in the field of airspace.
Manning too believes now is the time to invest in the country, something that has been a cornerstone of Coltala Holding’s philosophy from day one.
“Wall Street is coming here, the airspace is coming here, we are the real estate center now in the country,” Manning said. “We are excited to be in the right place at the right time.”
Time stops (temporarily) for Haltom clock
On a rainy Saturday morning, the clock that was staying for many years in front of the haltom jewelry store in the center of the city fort Worth moved. The clock moved from its location in front of the jewelery shop now closed 15 February to wait for future plans. Jack and Lady Ann Miller donated the streams & dancers who will determine an appropriate location somewhere in the future.
Mucleroy & Falls Partnership Group Forms
Commercial Contractor based on Fort Worth Mucleroy & Falls has formed a new partnership set. Since January 2025, Matthew McDonald, Vice President of Business Development and Clint Moyes, Vice President of Operations, have joined Taylor Hale, president, as partners.
“I am sure that this new structure will bring extraordinary value to our company and help us achieve even greater heights. Together, we will make this other chapter a tremendous success,” Hale said in a news announcement.
General Director of Mucleroy & Falls Zach Mucleroy and his two children died November 22, 2023, in a car accident in Central Texas.
Fitness for Fort Worth Southwest
Cr Fitness Holdings LLC, a Crunch Fitness Fitness, is set to open the Crunch Summer Creek, a $ 12 million fitness structure, 35,111 square meters in the Fort Worth at 5317 Sycamore Lake Road by the end of this year.
Crunch Summer Creek will show the latest Crunch 3.0 model, mixing the gym with fun for an attractive training experience, according to the company.
Cr Fitness Holdings currently operates 74 countries across Florida, Georgia, North Carolina, Texas and Tennesses, with expansion plans in Arizona and a goal to reach 100 clubs by 2026.
Do you have something for the Bob on Business column? E -mail Bob Francis to [email protected].
Bob Francis is a business editor for the Fort Worth report. Contact it at [email protected]. In the Fort Worth report, news decisions are made independently by our board members and financial supporters. Read more about our editorial independence policy here.
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