News Release

Steve Croke named Paradigm Precision CEO

2016-021

Stuart, FL – Paradigm Precision, a global manufacturer of complex fabrication and precision machined components for gas turbine engines, announced yesterday that Steve Croke has been named CEO effective immediately, succeeding Greg Bennett who is retiring from Paradigm Precision.

Mr. Croke, a 30-year aerospace industry veteran, joined Paradigm Precision as President in January 2016, and previously served as Vice President, Global Engines, Airframes and Industrials in the Engine and Environmental Control Systems business unit of UTC Aerospace Systems. He is based at Paradigm’s facility in Manchester, CT.

Outgoing Paradigm CEO Greg Bennett said, “It has been a great privilege to lead Paradigm over the past several years. The company is positioned for a bright future and I wish Steve and the team much continued success.”

Mr. Croke said, “I am humbled to be asked to take on the role of CEO and welcome the opportunity to be part of the growth and development of this proven and highly capable business. Paradigm supports many of the key aircraft engine programs in the industry and is committed to delivering high quality components and assemblies to support these programs, meeting the critical needs of our customers.”

Mr. Croke earned his Bachelor of Science degree in mechanical engineering from Clarkson University and his MBA from the State University of New York at Albany.

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About Paradigm Precision Paradigm Precision is the market facing name for Dynamic Precision Group (DPG), a global leader in the manufacture of complex machined and fabricated assemblies for the Aerospace, Defense and Power Generation markets. DPG is a portfolio company of The Carlyle Group, AeroEquity Partners and other co-investors.  DPG acquired Turbocombustor Technology in 2011, which specializes in the production of critical aircraft engine components; Paradigm Precision Holdings in 2013, which specializes in the manufacture of complex, tight-tolerance machined and fabricated components for gas turbine engines; and eight aerospace component fabrication and machining facilities from Unison Engine Components, a subsidiary of GE Aviation, in 2013. DPG’s core capabilities include laser services, air flow measurement, thermal coatings, electrical discharge machining, precision machining, and TCT Blast™.

Contact:
Liz Gill
Elizabeth.gill@carlyle.com
+1 (202) 729-5385

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