Route 2 Capital Partners and Alturus Back Reliance Aircraft International Investment in Reliance Aircraft International, Inc.

Reliance Aerotech Acquires Flight Crews Unlimited

March 14, 2024

Staffing & HR

Reliance Aerotech Inc. has acquired Flight Crews Unlimited, Inc., a Richmond, Illinois-based provider of pilots, flight attendants and aircraft maintenance professionals for the business aviation industry. The acquisition expands Reliance's aviation staffing and workforce solutions capabilities and combines proprietary databases and recruiting operations to better serve aerospace operators, manufacturers and service providers.

Altus Capital Partners Acquires Air Innovations, LLC

December 4, 2024

Manufacturing

Altus Capital Partners, a private equity firm focused on middle-market manufacturing, has acquired Air Innovations, LLC, a North Syracuse, New York-based designer and manufacturer of custom environmental control units (ECUs) serving wine, aerospace, semiconductor, homeland security, and healthcare markets. Financial terms were not disclosed; Air Innovations' management will remain in place and Altus said it will support the company’s growth and end-market diversification.

Carousel Capital Recapitalizes Reliance Partners

August 29, 2022

Insurance

Carousel Capital partnered with Reliance Partners' management and existing investor Lamp Post Group to recapitalize Reliance Partners, a Chattanooga-based commercial insurance broker focused on the transportation industry. The recapitalization will provide capital and strategic support to help Reliance scale its premium volume (nearly $500 million today) and pursue its goal of exceeding $1 billion in gross written premiums.

Tiger Infrastructure Partners Acquires International Aerospace Coatings and Eirtech Aviation Services from Vance Street Capital

December 7, 2022

Aerospace & Defense

Tiger Infrastructure Partners has acquired International Aerospace Coatings (IAC) and Eirtech Aviation Services (EAS) from Vance Street Capital. The transaction combines IAC's global aircraft coatings capability (headquartered in Shannon, Ireland) with EAS's engineering and asset management services (headquartered in Irvine, California) to create a leading aviation aftermarket platform; terms were not disclosed.

CAI Capital Partners Invests in ATS Services Ltd.

September 1, 2021

Aerospace & Defense

CAI Capital Partners has closed an investment in ATS Services Ltd., a Canada-based provider of aviation communication services, meteorological observations, training, and equipment distribution. The transaction — CAI's fourth platform investment from its sixth fund — will support ATS' continued growth across its 65 Canadian sites and was debt-financed by The Bank of Nova Scotia.

Argentum Makes Growth Investment in L2 Aviation

September 10, 2024

Aerospace & Defense

Argentum, a New York–based growth equity firm, has made a minority growth equity investment in L2 Aviation to expand production capacity, broaden capabilities, and support strategic acquisitions. Daniel Raynor of Argentum will join L2 Aviation’s board as the company pursues organic growth and a buy-and-build strategy in the avionics aftermarket.