Since 1981, broker Dale Cox has been the steady hand at the helm of Elite Air Center, the Hawley Minnesota company he founded. But now, after 40 years in business, he is preparing to pass the torch to Todd Peterson, aircraft enthusiast and co-owner of Elite Air. When Cox retires in a year or two, Peterson will take the company reins, as Cox moves to an advisory role.

Cox says: “There were a handful of guys before Todd who wanted to partner with me, but they didn't last very long. I really like Todd and his family, and it's been rewarding to teach him everything I know. I can begin to step aside and let someone who has the same passion for Beechcraft planes as I do continue the legacy of Elite Air Center.”

Cox has a lifetime of experience not only as an aircraft broker but also as an owner and pilot. His father owned a Bonanza, which Dale used throughout the 1960s and 70s to build a successful chain of bakeries. After starting Elite Air in 1981, his business grew rapidly. He added refurbishment services 20 years later, further expanding Elite Air's offerings. Through word-of-mouth and referrals, Dale became the ‘go-to expert’ for Beech Baron aircraft.

Cox and Peterson met in 2017 when Peterson sought his help in buying a pressurised Baron. Cox wouldn't sell him one due to Peterson's lack of multi-engine experience and instead helped him buy a B55 Baron. Peterson took an interest in Elite Air, which resulted in a business partnership.

“It's been a privilege to work with someone of Dale Cox's calibre, intelligence and dedication,” says Peterson. “He is highly revered within the industry, well-regarded in aircraft circles and strongly respected across the country. I will miss working with him day-to-day; however, if anyone has earned his retirement, it's Dale.”

Clients have chosen Elite Air Center for the services the company offers: high quality avionics, interiors, custom paint jobs and customer service. Elite Air works with both aircraft buyers and sellers throughout the process, from the initial discussions to the closing.