Nicholas Howley
$1.1B
Born
Mar 12, 1962
Age
63
Source of Wealth
Aerospace
Residence
Key West, Florida
Citizenship
United States
Marital Status
Children
0
Education
- W. Nicholas Howley cofounded TransDigm through a 1993 leveraged buyout in which he acquired four struggling aerospace units from his employer, IMO Industries.
- The Cleveland-based aerospace parts manufacturer has grown into an $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.
- His family foundation has provided scholarships to hundreds of low-income students, primarily to attend Catholic high schools in Cleveland and Philadelphia.
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