Investment Summary

Farragut Capital Partners and Brookside Equity Partners Invest In Jet Direct Aviation

On August 1, 2005, mezzanine finance firm Farragut Capital Partners and private equity firm Brookside Equity Partners invested in aerospace company Jet Direct Aviation

Investment Highlights
  • This is Farragut Capital Partners’ 3rd and Brookside Equity Partners’ 1st transaction in the Aerospace sector.
  • This is Farragut Capital Partners’ 29th and Brookside Equity Partners’ 12th transaction in the United States.
  • This is Farragut Capital Partners’ 4th and Brookside Equity Partners’ 2nd transaction in Pennsylvania.
Investment Fate
  • Jet Direct Aviation went bankrupt in 2009.

Investment Summary

Date 2005-08-01
Target Jet Direct Aviation
Sector Aerospace
Investor(s) Farragut Capital Partners
Brookside Equity Partners
Deal Type Acquisition Financing

Target

Jet Direct Aviation

Berwyn, Pennsylvania, United States
Jet Direct Aviation, LLC was formed as a consolidation opportunity in the multi-billion dollar private jet charter market of the aviation industry with the purpose of initially acquiring 100% of Summit Jet Corporation, a Long Island-based private jet charter business that is number three in the New York market. JetDirect seeks to provide private jet charter services in eight major markets across the U.S

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Investor(S) 2

Investor

Farragut Capital Partners

Chevy Chase, Maryland, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2011
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Farragut Capital Partners LLC is a private investment firm that provides mezzanine and equity capital to help finance buyouts, generational transfers, growth capital financings, and recapitalizations. The Firm prefers asset-light businesses with unique and defensible market positions, stable business models, and reasonable capital expenditure and working capital needs. Sectors of interest include light and niche manufacturing, business services, distribution & logistics, and media. Farragut's target investment size is $2 to $10 million. Farragut Capital Partners was formed in 2011 and is based in Washington, District of Columbia.


DEAL STATS #
Overall 29 of 98
Sector: Aerospace M&A 3 of 3
Type: Acquisition Financing M&A Deals 1 of 3
State: Pennsylvania M&A 4 of 8
Country: United States M&A 29 of 98
Year: 2005 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-01 Housecall Medical Resources

Atlanta, Georgia, United States

Housecall Medical Resources, Inc., develops into a multi-service-line home healthcare platform with strong geographic coverage in Tennessee and Florida, particularly in their rural markets. Housecall employed approximately 3,000 full and part time, largely female staff and served primarily elderly patients covered under the Medicare and Medicaid benefits.

Sell $106M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-12-01 Angelle Concrete Group

Baton Rouge, Louisiana, United States

Angelle Concrete Group LLC is a vertically integrated construction materials company with operations in Louisiana, Texas and Tennessee. Angelle is a leading regional producer and supplier of ready-mixed concrete and is also one of the largest domestic, independently-owned importers of cement (the primary raw material in concrete) in the U.S.

Buy -
Investor

Brookside Equity Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1977
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Brookside Equity Partners (BEP) focuses on private equity investments, including direct control investments, majority or minority co-investments alongside other investment firms, and, on a selective basis, investments in private funds or special situations. BEP targets North American middle-market companies with revenues greater than $15 million and at least $5 million of EBITDA. Sectors of interest include manufacturing, chemicals, financial services, environmental, food, and distribution. Brookside Equity Partners was formed in 1977 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 12 of 38
Sector: Aerospace M&A 1 of 3
Type: Acquisition Financing M&A Deals 1 of 1
State: Pennsylvania M&A 2 of 2
Country: United States M&A 12 of 37
Year: 2005 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-11-01 Memry

Bethel, Connecticut, United States

Memry provides design, engineering, development, and manufacturing services to the medical device and other industries using the Company's proprietary shape memory alloy technologies. Memry was founded in 1981 and is based in Bethel, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-26 Via seating

Sparks, Nevada, United States

Via seating is a manufacturer of chairs in the categories of executive, conference, task, multipurpose, lounge, and motion. Via seating was founded in 1987 and is based in Sparks, Nevada.

Sell -