#1998

Nicholas Howley

United States 64 years old Self-Made

Overview

Source of Wealth
Aerospace
Industry
Manufacturing
Residence
Key West, Florida

Assets

  • Perimeter Solutions
    606,000 shares @ -
    -
    PRM-US
  • TransDigm Group Inc.
    22,000 shares @ -
    -
    TDG-US
  • TransDigm Group Inc.
    601,000 shares @ -
    -
    TDG-US

Biography

W. Nicholas Howley cofounded TransDigm through a 1993 leveraged buyout in which he acquired four struggling aerospace units from his employer, IMO Industries. He is currently its chairman.

The Cleveland-based aerospace parts manufacturer has grown into an $8.8 billion (sales) company through acquisitions of small companies that are the sole makers of particular components.

Howley has twice been called to testify before Congress over allegations the company has overcharged the Pentagon for spare parts.

He is also chairman of Perimeter Solutions, a chemical manufacturing company.

His family foundation has provided scholarships to hundreds of low-income students, primarily to attend Catholic high schools in Cleveland and Philadelphia.