In September 2008, McColl led a team which enabled Clyde Blowers to acquire the entire Fluid & Power Division of Fortune 500 multi-industry company Textron, in a deal worth over $1 billion.
In the mid 1950s, when Nashua’s Textron plant shut down, Tamposi moved his business to real estate, investing most of his money in an abandoned building.
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27 November 2007: Textron announced that Cessna had purchased the bankrupt Columbia Aircraft company for US$26.4M and would continue production of the Columbia 350 and 400 as the Cessna 350 and Cessna 400 at the Columbia factory in Bend, Oregon.
In 1945 the family sold New Idea to Avco, a conglomerate that was subsequently acquired by Textron.
The original factory, built by Textron, was to produce Bell 214s of different configurations in Iran with a deal that involved several hundred helicopters and technology transfers.
In addition, he has served on boards for Deutsche Bank's Scudder and Germany mutual fund families, International Games Technology, UBS mutual funds, Textron Corporation, and Alfa-Bank.
As an organizational consultant, he has worked with corporations such as Chase Bank, General Motors, Pillsbury, Textron, Motorola and The Gap.
Royal Little (born March 1, 1896 in Wakefield, Massachusetts, died January 10, 1989, Nassau, Bahamas), was the founder and chair of Textron, and is considered to be the Father of Conglomerates.