M&A Deal Summary

Renovus Capital and Graycliff Partners Acquire Hillsboro Aero Academy

On November 30, 2014, private equity firms Renovus Capital and Graycliff Partners acquired education company Hillsboro Aero Academy from Hillsboro Aviation

Acquisition Highlights
  • This is Renovus Capital’s 6th and Graycliff Partners’ 3rd transaction in the Education sector.
  • This is Renovus Capital’s 10th and Graycliff Partners’ 21st transaction in the United States.
  • This is Renovus Capital’s 1st and Graycliff Partners’ 1st transaction in Oregon.

M&A Deal Summary
Date 2014-11-30
Target Hillsboro Aero Academy
Sector Education
Buyer(s) Renovus Capital
Graycliff Partners
Sellers(s) Hillsboro Aviation
Deal Type Divestiture

Target

Hillsboro Aero Academy

Hillsboro, Oregon, United States
Hillsboro Aero Academy provides helicopter and airplane pilot training services. Hillsboro Aero Academy was founded in 1980 and is based in Hillsboro, Oregon.

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Buyer(S) 2

Buyer

Renovus Capital

Wayne, Pennsylvania, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2010
PE ASSETS 1.5B USD
Size Large
Type Sector Focused
DESCRIPTION

Renovus Capital is a private equity firm focused on investing in small to mid-sized education companies. Specific areas of interest include for-profit colleges and schools, training companies, content providers, and technology and services businesses to education providers. Renovus looks for companies with 'strong growth prospects', proven business models and EBITDA of at least $3 million. Renovus Capital was formed in 2010 and is based in Wayne, Pennsylvania.

DEAL STATS #
Overall 11 of 42
Sector (Education) 6 of 11
Type (Divestiture) 1 of 2
State (Oregon) 1 of 2
Country (United States) 10 of 41
Year (2014) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-03 EMS

Exton, Pennsylvania, United States

Education Management Solutions LLC is a provider of simulation-based solutions for healthcare training environments. Solutions range from clinical simulation management software and hardware, to counselor education, virtual patient training, competency and curriculum management, plus course, assessment and video management solutions for higher education. Education Management Solutions was founded in 1994 and is based in Exton, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-09 Cooperative Strategies

Irvine, California, United States

Cooperative Strategies is a provider of consulting services to K-12 schools with a focus on school facility planning and funding. Cooperative Strategies is based in Irvine, California.

Buy -
Buyer

Graycliff Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1991
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Graycliff Partners is a private equity firm focused on private equity and mezzanine investments in middle-market companies throughout the US. The Firm's mezzanine practice does not have any sector preferences and looks to invest $10 to $50 million in profitable companies with at least $10 million in revenue. Funds are used to support buyouts, growth needs, divestitures, or consolidations. Graycliff's private equity group looks to acquire middle-market companies in the manufacturing, service, and distribution sectors. The Firm looks for businesses with $10 to $200 million of revenue. Graycliff Partners was established in 1991 and is based in New York City.

DEAL STATS #
Overall 26 of 72
Sector (Education) 3 of 4
Type (Divestiture) 1 of 4
State (Oregon) 1 of 1
Country (United States) 21 of 67
Year (2014) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-15 Impresa Aerospace

Gardena, California, United States

Impresa Aerospace produces complex structures and components for virtually every aerospace platform – including commercial jets, regional and business aircraft, military aircraft and vehicles and civil/military helicopters. Impresa provides OEMs worldwide with high quality, low-cost precision CNC machined and sheet metal parts and assemblies, delivered on-time to ensure that its customers remain profitable and competitive in the demanding aerospace market.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-06 FCA Packaging

Moline, Illinois, United States

FCA Packaging is a provider of custom industrial packaging that includes wood, steel, corrugated and hybrid products, as well as expendable, reusable, and returnable solutions. FCA Packaging was founded in 1985 and is based in Moline, Illinois.

Buy -

Seller(S) 1

SELLER

Hillsboro Aviation

Hillsboro, Oregon, United States
Category Company
Founded 1980
Sector Aerospace
DESCRIPTION

Hillsboro Aviation, Inc. is providing quality aviation products and services, including helicopter and airplane charter services, aircraft sales, MRO services, avionics equipment sales and installations, and aircraft parts sales. Hillsboro Aviation was founded in 1980 and is based in Hillsboro, Oregon.

DEAL STATS #
Overall 1 of 1
Sector (Education) 1 of 1
Type (Divestiture) 1 of 1
State (Oregon) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
Mergr

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