Piper J-3 Cub among Most Beloved Iconic Aircraft in the United States

Piper J-3 Cub pic

Piper J-3 Cub
Image: airandspace.si.edu

Former commercial pilot and entrepreneur Kenneth (“Ken”) Goggans is an investment professional focused on companies in the oil and gas sector. In addition to founding several businesses in the energy industry, Ken Goggans helped in the start up process of the aircraft production firm American Legend Aircraft Company, a business among a select few that were granted permission to reproduce the classic Piper Cub plane.

The iconic Piper J-3 Cub is renowned among pilots and dedicated plane enthusiasts alike for its reliability, simplicity, and the nostalgia that it inspires. This light plane has seen many uses throughout its nearly 80-year history, serving as the plane in which many pilots learned to fly during the middle decades of the 20th century. Though known under a different name in the military, the Piper J-3 Cub was also the plane upon which many pilots relied in both World War II and Vietnam.

Love for the Piper Cub has also inspired several yearly fly-in events, where aircraft fans can observe several of the planes in flight, inspect them up close on the ground, and witness a variety of events that honor the spirit of the Piper Cub. Two of the more popular multi-day fly-in events occur every year in Lock Haven, Pennsylvania, and Lompoc, California.

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The Difference between Mergers and Acquisitions

Mergers and Acquisitions pic

Mergers and Acquisitions
Image: investopedia.com

Experienced entrepreneur Kenneth (“Ken”) Goggans has founded several oil-and-gas-related companies over the years. In 2013, Ken Goggans established a holding company, for the purpose of acquiring a collection of smaller businesses in the oil and gas services industry.

Known by M&A, mergers and acquisitions refer to transactions wherein a larger company purchases a smaller one, thereby obviating the need to expand, finance, or supplement existing operations from the ground up.

In a merger, two businesses combine to form a single, more effective enterprise. This typically results in the smaller of the two organizations relinquishing its name in favor of that of the larger one and a new organizational chart that can accommodate executives of both companies.

By contrast, in an acquisition, a larger company purchases a majority stake in a smaller one. By operating the latter as its own, the larger company can bring its resources to bear to increase the smaller company’s output.