Ontic, a leading global manufacturer of aerospace parts, is expanding into Florida with the opening of its eighth global site - scheduled for early 2025.  Located in Miramar, this exciting expansion comes as part of the strategic decision to create a global network of Ontic MRO Centers of Excellence focused on supporting customers of Ontic manufactured parts and systems. Ontic will be creating 88 jobs and making a capital investment of $10 million in a 64,000 sq. ft. facility in Miramar Centre Business Park at 15701 SW 29th Street, Suite 100A, Miramar, FL 33127.

This network of dedicated MRO facilities will allow Ontic to meet the needs of their customers more effectively. By investing in MRO talent and focused resources, they plan to improve their existing operations while creating new capacity and setting the business up for future growth and success – across both their original equipment and MRO operations.

Commenting on the decision, Jack Karapetyan, VP of Ontic’s Global MRO Operations, said: “Opening this eighth Ontic site is another exciting milestone in our growth. Florida was the natural choice for our expansion as it is already an MRO hub with ample skilled labor and a business-friendly environment, which also acts as a gateway to South American markets. I’m excited by this investment that will build and grow our MRO operations and enable us to become a benchmark for other MRO centers in the industry.” He added, "It was great to work with FPL, and the Greater Fort Lauderdale Alliance, when going through the location selection stage for our new center. The introduction to local agents, their engagement in gathering local economic data, and their support in understanding incentives available to Ontic aided our selection process and helped us make the right choices. This coupled with the availability of a qualified workforce, supported by Broward College and CareerSource Florida, clearly demonstrated why the City of Miramar has become a hub for Aerospace and helped solidify our choice of Miramar for our important expansion."

In opening the Miramar site, Ontic will be moving its North Carolina (NC) MRO operations to Florida, allowing for focus and further expansion while providing the wider NC business with more space to grow. Thanks to growth in all areas of the business, Ontic has no planned job losses as a result of this move, with MRO teams in the US having the opportunity to relocate to Miramar or move into new manufacturing roles on their current site.

Speaking about how their new strategic direction will affect customers, Matthew Pritchard, VP of Sales & Customer Engagement at Ontic, commented: “We recognize that airlines and end users of our products and systems expect a certain level of performance and service. This exciting new investment will ensure we can deliver against these requirements, and I’m looking forward to inviting new customers to come and see what we are capable of.”

“Ontic’s decision to bring new high value jobs and investment to Broward County provides opportunities for our residents, building our ongoing competitiveness and economic vitality. Congratulations to Ontic and the City of Miramar on an outstanding new addition,” said Broward County Mayor Nan Rich.

“Welcome to Miramar, Ontic! As home to numerous aviation and aerospace companies, we know you’ve made the best choice. Thank you for bringing both jobs and significant capital investment to the City of Beauty and Progress. We wish you ongoing success.” said Miramar Mayor Wayne Messam.

“Congratulations, Ontic, on your expansion to Florida and thank you for choosing Miramar and Broward County. Your decision underscores our community’s proud reputation as a premier destination for MRO business and we couldn’t be more thrilled to welcome you,” said Bob Swindell, President/CEO of the Greater Fort Lauderdale Alliance, Broward County’s official public/private partnership for economic development.

Ontic has appointed Jamerio Vinson as General Manager of the Miramar site. Vinson is currently overseeing the final stages of the site’s renovation as well as focusing on recruitment ahead of the site becoming operational in early 2025. If you’d be interested in applying for a role, visit ontic.com/careers to view current vacancies.

Ontic was assisted by broker Tom Viscount of Avison Young for the company’s lease and the landlord was represented by Larry Dinner of CBRE.

Plans for further Ontic MRO Centers of Excellence in Europe and Asia are underway with more announcements expected in 2025. 

Ontic has demonstrated impressive growth since being sold to CVC Capital Partners in 2019, and recently announced a new four-to-five-year investment cycle with the private equity firm. They are excited for what the future holds as they continue investing in their capabilities, infrastructure and people, building on their successful growth to date.

 

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