O2 Investment Partners has invested in and partnered with Vertical Aerospace through its portfolio company First Class Air, an integrated aviation aftermarket business. No financial terms were disclosed. The investment is intended to support First Class Air's strategic growth plan.
Vertical Aerospace provides MRO, engineering and fabricated part manufacturing services for commercial, cargo and military aircraft. Its specialties include nacelles and thrust reversers, flight control surfaces, composite and metallic structural repair, cowlings, ducts, exhaust components, engineering and repair development, fabrication, NDT and specialized processing. The company's quality system is AS9100 Rev. D certified, and it holds repair station certifications from both the FAA and EASA. Tray Siegfried is the company's founder and general manager.
First Class Air said the deal brings Vertical Aerospace's structural repair, engineering and fabricated part manufacturing expertise together with its existing distribution, MRO, DER, PMA, teardown and exchange capabilities. Vertical Aerospace will keep serving customers with its current team while gaining access to First Class Air's wider network of capabilities and resources. It joins a group of specialized companies that includes Cargo Repair, First Class Air Support, Cobalt Aero Services, Innodyne Systems and Survival Products, serving freighter, commercial, regional, military and business aviation customers worldwide.
"Partnering with Vertical Aerospace marks a key milestone in the development of First Class Air," said Charlie Miller of O2 Investment Partners. "Tray and his team have built an impressive business with strong technical capabilities, specialized repair processes and a customer-focused culture."
O2 Investment Partners is a Midwest-based private equity firm that acquires majority interests in lower middle market B2B services, technology and select industrial companies.
Source: PE Hub · Summarized by HeadlinesBriefing