Co-Founder, EnCore Group
WHY: Aerospace exec with multiple profitable exits. Latest Surf City firm, founded with Tom McFarland, counts 700 workers, estimated $125M in revenue. Aerospace interior company designs, produces airplane galleys and seats.
RECENT: In June, Boeing announced purchase of EnCore on undisclosed terms. In July, Business Journal estimated Downey’s wealth at $750M.
QUOTABLE: “Boeing and EnCore have a history of partnering on products, and we are excited for EnCore and its employees to join the Boeing family,” Chicago-based buyers said in June.