Investment Summary

Seacoast Capital and Patriot Capital Invest In Avenger Flight Group

On May 25, 2016, growth capital firm Seacoast Capital and private equity firm Patriot Capital invested in aerospace company Avenger Flight Group

Investment Highlights
  • This is Seacoast Capital’s 1st and Patriot Capital’s 3rd transaction in the Aerospace sector.
  • This is Seacoast Capital’s 30th and Patriot Capital’s 66th transaction in the United States.
  • This is Seacoast Capital’s 2nd and Patriot Capital’s 2nd transaction in Florida.

Investment Summary
Date 2016-05-25
Target Avenger Flight Group
Sector Aerospace
Investor(s) Seacoast Capital
Patriot Capital
Deal Type Growth Capital
Advisor(s) Cassel Salpeter & Co. (Financial)

Target

Avenger Flight Group

Fort Lauderdale, Florida, United States
Avenger Flight Group is a provider of commercial aviation simulation and training. Avenger provides simulation training to domestic and international airlines using state of the art simulators. Avenger Flight Group was established in 2012 and is based in Fort Lauderdale, Florida.

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Investor(S) 2

Investor

Seacoast Capital

Danvers, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1994
PE ASSETS 600M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Seacoast Capital is a private investment firm that invests equity and mezzanine capital in smaller companies with revenues greater than $10 million and at least $2 million in operating income. Sectors of interest include manufacturing, distribution, business services and industrial technologies. Seacoast has a particular interest in companies located in underserved urban and rural markets, and in all cases, partners with management when considering transactions. Seacoast Capital was formed in 1994 and has offices in Danvers, Massachusetts and San Francisco, California.

DEAL STATS #
Overall 30 of 46
Sector (Aerospace) 1 of 1
Type (Growth Capital) 4 of 16
State (Florida) 2 of 2
Country (United States) 30 of 46
Year (2016) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-18 Patriot Environmental Services

Wilmington, California, United States

Patriot Environmental Services is an environmental service provider serving the Southwestern United States with a proven ability to implement. Patriot provides full-service environmental solutions to a wide variety of end markets, serving customers within manufacturing, agriculture, construction, healthcare, mining, oil & gas, transportation, and utilities markets. Patriot Environmental Services was founded in 2002 and is based in Wilmington, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-14 Sun Valley

Arcata, California, United States

Sun Valley is the largest domestic grower of premium iris, lily and tulip cut flowers. The Company utilizes over 4 million square feet of computer-controlled greenhouse space to grow more than 80% of its flowers in a covered environment on a year-round basis. The Sun Valley commitment is simple: to create the best floral experience through operational excellence. Sun Valley was founded in 1969 and is based in Arcata, California.

Buy -
Investor

Patriot Capital

Baltimore, Maryland, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Size Large
Type Sector Agnostic
DESCRIPTION

Patriot Capital is a private investment firm that provides equity and junior capital to support acquisitions, growth capital financings, management buyouts, and recapitalizations of middle-market companies. The Firm looks to invest $5 to $25 million in businesses generating revenues of $10 to $200 million. Areas of interest include business and consumer services, consumer products, niche manufacturing and distribution, education, e-commerce, application software, transportation, and telecom services. Patriot focuses its investment activity with the Mid-Atlantic, Midwest, and Southern areas of the US. Patriot Capital is based in Baltimore, Maryland.

DEAL STATS #
Overall 66 of 108
Sector (Aerospace) 3 of 4
Type (Growth Capital) 17 of 27
State (Florida) 2 of 4
Country (United States) 66 of 108
Year (2016) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-01 BGSF

Plano, Texas, United States

BGSF provides staffing services to a variety of industries through its various divisions. BG Staffing is primarily a professional temporary staffing platform that has integrated several regional and national brands. BGSF was founded in 2007 and is founded in Plano, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-30 Metro Boiler Tube

Ringgold, Georgia, United States

Metro Boiler Tube provides a full spectrum of boiler tube fabrication, cutting, and distribution, which includes press bending, welding, painting, polishing, and testing. The Company’s tubing serves a diverse group of industries in the power and industrial sectors, including utilities, pulp and paper, petrochemical, and sugar. Metro Boiler Tube was founded in 1989 and is based in Ringgold, Georgia.

Buy -
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