Murphy Aircraft Manufacturing On the Market For $2.5-$4 Million
Murphy Aircraft Manufacturing Ltd., of Chilliwack, British Columbia, Canada, is for sale. Asking price: $2.5-$4 million. Founded in 1985, the company builds a line of experimental airplane kits targeted at homebuilders desiring utilitarian, back-country craft that can operate on wheels, skis or floats. The line includes the biplane Renegade Sport, and monoplanes Rebel Sport, Rebel, Maverick, Elite and Moose. The package offered for sale includes all eight aircraft models and three sizes of straight and amphibious floats, the existing inventory and quick-build jigs for the Renegade and Moose. Murphy Aircraft’s announcement says the sale price will be in the $2.5 to $4 million range, depending on how much of the manufacturing machinery the buyer desires. A tailored training program can be provided.
According to Murphy Aircraft, it has sold nearly 2000 kits to buyers in more than 35 countries. Founder and President Darryl Murphy said, “After 30 enjoyable years running Murphy Aircraft, I am approaching retirement, with the desire to spend more time with family and pursue other interests. To that end, I find myself in the position of wanting to sell Murphy Aircraft Manufacturing Ltd. With strong signs of economic recovery in North America, the time is right for someone else to take over.” Murphy Aircraft will continue to supply new kits and service parts throughout the change-over to new ownership and Paterson AeroSales, which handles all Murphy kit sales and marketing, will continue to accept and process orders for delivery positions.