AFV Partners LLC has acquired Aircraft Performance Group LLC, a provider of mission critical flight operations software to the business and charter aviation segments of the global aerospace industry. The seller was Liberty Hall Capital Partners. No financial terms were disclosed.
ARGYLE, Texas & CASTLE ROCK, Colo.–(BUSINESS WIRE)–AFV Partners LLC (“AFV Partners”) acquired Aircraft Performance Group, LLC (“APG”), a leading global provider of mission critical flight operations software to the business and charter aviation segments of the global aerospace industry, from Liberty Hall Capital Partners (“Liberty Hall”). Terms of the transaction, which closed on January 3, 2020, were not disclosed.
Founded in 1999, Castle Rock, CO-based APG is the industry-leading global provider of proprietary aircraft performance, weight and balance, and flight planning software solutions to the $2+ billion addressable business and charter aviation segments of global aerospace industry, supporting all key aircraft OEMs in the market. APG’s proprietary software solutions support regulator-required aircraft performance calculations for customers ranging from highly innovative and top aviation fractional operators to Fortune 500 flight departments in more than 80 countries, where the mass majority of private and business aviation occurs today.
Tony Aquila is Founder, Chairman and CEO of AFV Partners; formed on the Fourth of July 2019, as a long-term permanent capital investor. Previously, Aquila was an investor and lead board director, alongside Liberty Hall, in APG.
“APG is a growing market leader, with a 20-year track record of providing regulator-required performance and safety calculations and will be a foundational asset for our aviation investment vertical,” said Aquila. “We look forward to working alongside APG’s management team, led by CEO Michael Caflisch, to help them leverage our experience, technology, and long-term capital. Together, we are committed to enabling software and platforms that make the world a safer, better and more profitable place. At AFV Partners, we are long-term.”
“APG has leveraged our leading market position to expand our portfolio of capabilities and optimize our delivery of solutions while also continuing to support a culture of technological innovation,” said Michael Caflisch, APG CEO. “We look forward to working with Tony and the AFV Partners team to maximize our opportunity for future growth.”
About AFV Partners
Founded by serial technology entrepreneur and investor Tony Aquila and anchored by some of the world’s largest and most experienced investors, AFV Partners is an affirmative low-leverage capital vehicle that invests in long-term mission critical software and data businesses. AFV Partners is headquartered in Argyle with offices in Jackson Hole and Zurich.
About Aircraft Performance Group
Aircraft Performance Group (APG) is a leading global provider of proprietary flight operations software solutions into the aftermarket of the aerospace industry. APG operates a software as a service business model focused on the corporate and business aviation segment of the aerospace industry. APG has recently integrated its market leading aircraft performance software solutions, including runway analysis and weight and balance services, with flight planning services into a new software offering and mobile app, iPreFlight GenesisTM. For more information, please visit http://www.flyapg.com/.
About Liberty Hall Capital Partners
Liberty Hall Capital Partners is a private equity firm focused exclusively on investments in businesses serving the global aerospace and defense industry. http://www.libertyhallcapital.com/.