Aviation services firm National Technologies Associates has concluded a recapitalization initiative by implementing a 100-percent employee stock ownership plan.
The company aims to take advantage of tax benefits as an employee-owned firm and free up cash flow that it can invest in business expansion efforts, according to a statement from Bluestone Capital Partners, who advised NTA on the recapitalization effort.
Employee-owned companies can have their entire earnings exempt, Bluestone says.
NTA provides logistics, engineering and sustainment services for fixed and rotary-wing aircraft and special warfare systems used by military customers.
The company maintains offices in Lexington Park, Md. and San Diego and supports aircraft such as the V-22 Osprey, F/A-18 Super Hornet, MQ-1 Predator, MQ-9 Reaper, H-60 Seahawk and P-8 Poseidon.