Bain Capital Credit has led a $160 million credit facility to support Trive Capital‘s recapitalization of AEVEX Aerospace. Based in Solana Beach, California, AEVEX is a provider of airborne intelligence solutions for the global intelligence community.
SOLANA BEACH, California
AEVEX Aerospace (the “Company”), a Trive Capital portfolio company and leading airborne ISR company that provides highly specialized services to the intelligence and special operations communities, announced that it has entered into a new $160 million credit facility led by Bain Capital Credit (“Bain”). The recapitalization of the business will help facilitate continued growth and investment in industry-leading capabilities to better support its customer community.
Trive Partner David Stinnett said, “We believe AEVEX has built a leading reputation within the intelligence community and has assembled a talented team and culture capable of scaling to meet its customers’ growing requirements. The recapitalization of the business will help support future growth, including potential acquisitions.”
AEVEX CEO Brian Raduenz added, “AEVEX’s end-to-end service offering and value proposition has yielded strong growth in recent years, and we look forward to continuing this momentum. The Company will strive to offer continued mission focus and operational expertise to enable the success of our partners in the intelligence and special operations communities.”
AEVEX Aerospace, headquartered in Solana Beach, CA, is a leading provider of full-spectrum airborne intelligence solutions for the global intelligence community. The Company’s vertically integrated Intelligence, Surveillance, and Reconnaissance (ISR) platform operates across three lines of business: Engineering & Technology, Flight Operations, and Intelligence Solutions. AEVEX has long-standing relationships with niche end-users and is deeply entrenched on critical, enduring ISR missions.
Trive Capital is a Dallas, Texas based private equity firm managing over $2 billion in capital. Trive focuses on investing equity and debt in what it sees as strategically viable middle-market companies with the potential for transformational upside through operational improvement. We seek to maximize returns through a hands-on partnership that calls for identifying and implementing value creation ideas. The Trive team is comprised of seasoned investment professionals who have been involved in over 70 middle-market transactions representing in excess of $6 billion in revenue across Trive’s targeted industry sectors and situations.