8-Sep-2010 Source: Uniflight
The rotorcraft-focused private equity investor Hawke Capital Partners announced today that it successfully recapitalized the balance sheet of its wholly-owned operating subsidiary Uniflight, LLC, while simultaneously completing the acquisition of the assets of Aviation Services Unlimited, based at Griffiss International Airport in Rome, New York. As a result, Uniflightâ€™s maintenance, repair and overhaul capabilities have expanded to three convenient locations for fleet operator customers: Grand Prairie, Texas; Reading, Pennsylvania; and Rome, New York. In addition, Aviation Services Unlimited, LLC will operate as a sister-company to Uniflight offering Part 135 and Part 133 flight services, primarily targeting customers in the utility and power industry, law enforcement, and other government service sectors. Terms of the transactions were not disclosed.
Joe Hawke, Uniflightâ€™s Chairman, President and CEO, said, â€œWe are extremely pleased to have completed this recapitalization and to add Aviation Services Unlimited to the Hawke Capital family of companies. Paul Rayhillâ€™s leadership at ASU has resulted in a customer oriented environment that has already begun to blend very well with the Uniflight leadership team. In addition, we are very appreciative of the support from our investors and Comerica Bank, which is providing the working capital for future growth across all lines of business.â€
Paul Rayhill, President of ASU, added, â€œI am truly excited to partner with Hawke Capital in the continuing growth of ASUâ€™s business and the ongoing expansion of Uniflightâ€™s MRO footprint. We will continue to serve our customers with the same high degree of service and professionalism that we have always delivered. Hawke Capital brings resources that will enhance the breadth of services that we can offer to both our flight services and MRO customers.â€
Hawke Capital Partners is led by an Advisory Board chaired by Joe Hawke. Board members include Greg Aâ€™slinger and Paul Rayhill. HCP continues to seek complementary acquisitions that will expand both the MRO and flight service lines of its operating subsidiaries.
About Uniflight: Headquartered at the Grand Prairie Municipal Airport in Texas, Uniflight, LLC is both an authorized American Eurocopter Customer Service Center, providing periodic maintenance and inspection services and spare parts distribution to operators of AS350, AS355, BK117, and BO105 aircraft, and a Platinum rated Bell Helicopter Customer Service Facility (CSF) specializing in helicopter repair and component overhaul services as well as parts distribution support to fleet operators of Bell models: 47, 206/206L, 212/412, 222/230/430, 407, 204/205, UH-1 and OH-58. In addition to being a service center for Bell and Eurocopter model aircraft, Uniflight is also an FAA approved repair station for Agusta A109, Sikorsky S-76, and MD 500 series aircraft. Uniflight is also an authorized Garmin, NAT & Sandel dealer. For more information, please contact Uniflight at 972-623-3444 or Uniflight Northeast at 610-372-5141.
About Aviation Services Unlimited: As one of the longest standing FAA Certified helicopter air taxi companies in the Northeastern United States, ASU operates 2 Bell JetRangers flying charter, Utility Patrols, Aerial Survey and film/photography services. ASU is located in Rome, NY at the Griffiss International Airport (KRME), and is the only Bell CSF in New York State, with Rotorcraft Maintenance capabilities including Bell Field Maintenance and Component Overhaul on the 206/206L and 407 models. FAA Certificates include Part 145, 135, and 133. For more information, please contact ASU at 315-334-4410. www.asuhelicopter.com