A leading private equity firm focused on smaller lower to middle market companies, Prospect Partners, had announced that it has placed an investment with Velocity Aerospace Group Inc. Velocity is a global provider of after market services for the aviation industry.
The Group provides maintenance, repair and overhaul services for the aviation industry, with a customer base of commercial air transport firms, corporate business aircraft services, regional airline carriers and helicopter services. The company operates FAA certified repair stations in both Florida and California. It has a strong complement of management, technicians, customer service representatives as well as modern facilities and overhaul capabilities.
According to Maneesh Chawla, principal at Prospect Partners said, "Velocity Aerospace Group is a niche market leader with exceptional potential for continued growth. We look forward to supporting management in building a larger aviation MRO services company that leverages Velocity Aerospace's unique capabilities in avionics and in electronic instrumentation."
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