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Quest Acquired by Global Shipbuilding Company
February 17, 2015 - Quest Aircraft Company, maker of the 10-place Kodiak turboprop, has been acquired by Setouchi Holdings Inc., part of the Tsuneishi Group, a global transportation corporation with roots in shipbuilding and related industries headquartered in Japan. Quest corporate headquarters and manufacturing operations will remain in Sandpoint, Idaho, and the existing leadership team will continue under CEO Sam Hill.
Setouchi Holdings, Inc. is one of the key entities of Tsuneishi Group, and its subsidiary Setouchi Trading, Inc. is an authorized Kodiak dealer.
“We are very excited to have a strong organization such as Tsuneishi Group believe in Quest, our products, and our philosophy and invest its resources in the company,” Hill said. “Over the last few years, we have experienced steady growth and with new financial capitalization and a shared understanding of the potential opportunities in the marketplace for expansion, we are looking forward to significant growth for Quest in the years ahead.
“They also believe strongly in the KODIAK, and want to help us make Quest the leading manufacturer of single-engine turboprops in the world,” Hill added. “We are very enthusiastic about the future.”
Quest posted a record year in 2014 with 30 Kodiak deliveries. The company plans further expansion for its facilities and employees as it ramps up production.
For more information, visit www.questaircraft.com.