Solana Beach, CA, July 19, 2019 —AEVEX Aerospace, a full-spectrum airborne intelligence solutions company and Trive Capital portfolio company, announced that it has entered into a new $160 million credit facility led by Bain Capital Credit (“Bain”). The recapitalization of the business will help facilitate continued growth and investment in industry-leading capabilities to better support its customer community.
Trive Partner David Stinnett said, “We believe AEVEX has built a leading reputation within the intelligence community and has assembled a talented team and culture capable of scaling to meet its customers’ growing requirements. The recapitalization of the business will help support future growth, including potential acquisitions.”
AEVEX CEO Brian Raduenz added, “AEVEX’s end-to-end service offering and value proposition has yielded strong growth in recent years, and we look forward to continuing this momentum. The Company will strive to offer continued mission focus and operational expertise to enable the success of our partners in the intelligence and special operations communities.”
About AEVEX Aerospace
AEVEX’s vision is to be the recognized leader in full-spectrum airborne intelligence solutions. They take a long-term view of their relationships, partnering with customers to rapidly identify, develop, and deliver tailored solutions for airborne intelligence requirements. Their culture attracts and retains elite talent who thrive in dynamic mission environments. Whether providing flight test support for a new collection aircraft; operating a high-priority deployed unmanned aircraft system; or providing post-mission collection analysis for special operators, AEVEX delivers high-end results to empower their customers for consistent mission success.
AEVEX has offices in Solana Beach, CA, Tysons Corner, VA and Fayetteville, NC. It currently consists of 500 employees across more than a dozen locations around the world.
For more information visit: www.aevex.com
Trive Capital is a Dallas, Texas based private equity firm managing over $2 billion in capital. Trive focuses on investing equity and debt in what it sees as strategically viable middle-market companies with the potential for transformational upside through operational improvement. We seek to maximize returns through a hands-on partnership that calls for identifying and implementing value creation ideas.
The Trive team is comprised of seasoned investment professionals who have been involved in over 70 middle-market transactions representing in excess of $6 billion in revenue across Trive’s targeted industry sectors and situations