Route 2 Capital Partners and Alturus Back Reliance Aircraft International Investment in Reliance Aircraft International, Inc.
February 5, 2020
An investor group led by Route 2 Capital Partners and Alturus Capital (through a newly formed vehicle, Reliance Aircraft International, LLC, alongside Andrew Cohen and Terry Hix) completed a strategic investment in Reliance Aircraft International, Inc. The capital will support RAI's aftermarket commercial and military airframe/engine parts platform, enabling asset purchases, expansion into new product lines, and potential add-on acquisitions; RAI will remain headquartered in Austin, Texas and be managed by Terry Hix and Andrew Cohen.
- Buyers
- Reliance Aircraft International, LLC, Route 2 Capital Partners, Alturus Capital, Andrew Cohen, Terry Hix
- Targets
- Reliance Aircraft International, Inc.
- Industry
- Aerospace & Defense
- Location
- Texas, United States
- Transaction Type
- Growth capital
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