M&A Deal Summary

LongueVue Capital Acquires Ascent Aviation Services

On October 11, 2013, private equity firm LongueVue Capital acquired aerospace company Ascent Aviation Services from Victory Park Capital Advisors

Acquisition Highlights
  • This is LongueVue Capital’s 1st transaction in the Aerospace sector.
  • This is LongueVue Capital’s 8th transaction in the United States.
  • This is LongueVue Capital’s 1st transaction in Arizona.

M&A Deal Summary

Date 2013-10-11
Target Ascent Aviation Services
Sector Aerospace
Buyer(s) LongueVue Capital
Sellers(s) Victory Park Capital Advisors
Deal Type Secondary Buyout

Target

Ascent Aviation Services

Marana, Arizona, United States
website
Ascent Aviation Services Corp. is a provider of maintenance, repair, overhaul, and storage services for aviation customers worldwide. Ascent specializes in heavy maintenance, teardown, storage, and line maintenance services for small to mid-sized operators and leasing companies. Ascent Aviation Services is based in Marana, Arizona.

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Buyer(S) 1

Buyer

LongueVue Capital

Metairie, Louisiana, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2001
PE ASSETS 850M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

LongueVue Capital is a private equity company that targets profitable, small to mid-sized companies generating up to $150 million of revenue. LongueVue will consider a variety of investment situations, including corporate divestitures and buyouts, recapitalization/acquisitions of family owned businesses with transition challenges, and turnarounds. LongueVue Capital was formed in 2001 and is based in Metairie, Louisiana.


DEAL STATS #
Overall 8 of 26
Sector (Aerospace) 1 of 1
Type (Secondary Buyout) 2 of 2
State (Arizona) 1 of 1
Country (United States) 8 of 26
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-14 Blue Dot Energy Services

Bridgeport, West Virginia, United States

Blue Dot provides a broad array of mission critical oilfield services to E&P companies and drillers operating in the prolific Marcellus Shale and the burgeoning Utica Shale.

Sell $75M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-21 PremierXD

Hauppauge, New York, United States

PremierXD LLC is an integrated designer, manufacturer, and logistics provider of customized merchandising displays and accessories for use in retail environments. The company offers a comprehensive range of design, engineering, manufacturing, distribution, and logistics capabilities to national and regional retailers and consumer brand companies. PremierXD was formed in 2000 and is based in Hauppauge, New York.

Buy -

Seller(S) 1

SELLER

Victory Park Capital Advisors

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website


Category Mezzanine Finance Firm
Founded 2007
Size Large
Type Sector Agnostic
DESCRIPTION

Victory Park Capital Advisors is an alternative investment firm focused on providing debt and equity capital to small and middle-market companies in a variety of sectors of situations. The Firm generally looks to provide funding to 'sound' companies in need of liquidity and/or restructuring. Victor Park's target investment size range is $5 to $100 million. Victory Park Capital Advisors was formed in 2007 and is headquartered in Chicago, Illinois.


DEAL STATS #
Overall 2 of 11
Sector (Aerospace) 1 of 1
Type (Secondary Buyout) 1 of 2
State (Arizona) 1 of 1
Country (United States) 2 of 9
Year (2013) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-01 Joe s Jeans

Los Angeles, California, United States

Joe's Jeans is a denim brand that has redefined with its inherently LA sensibility and distinctive point-of-view. With an emphasis on incorporating technology into design, the brand creates product for men, women, and kids that is innovative and fits flawlessly. It offers denim, apparel, and accessories and is available at premium department stores in the United States, at specialty boutiques globally, 10 Joe’s Jeans stores, and at the digital flagship www.joesjeans.com. Joe’s Jeans was formed in 2001 and is based in Los Angeles, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-06 Silver Airways

Fort Lauderdale, Florida, United States

Silver Airways is a regional air carrier that operates over 125 scheduled flights per day under a principal code share and alliance agreement with Continental Airlines, United Airlines and Copa Airlines of Panama. Silver Airways is based in Fort Lauderdale, Florida.

Buy -