Private equity firm New Heritage Capital has become a minority stakeholder in Flying Colours Corp, boosting financial resources during a period of growth for the company. The transaction was structured using New Heritage Capital’s Private IPO solution.
Flying Colours says its management and operational independence will be unaffected, and that the move will enable it to realize projects including the expansion of its service lines, development of infrastructure, and creation of extra hangars.
“We are delighted to partner with Heritage, as with this capital boost we are well positioned to fulfil the next phase of our ambitious growth strategy,” said John Gillespie, president and CEO at Flying Colours Corp. “We also look forward to working with their team to seek acquisition opportunities to accelerate our development and scalability across the global business aviation sector.”
“We are thrilled to partner with John and the Flying Colours team to continue building a world-class company in the aircraft completions, refurbishment and maintenance sector,” said Judson Samuels, partner at New Heritage Capital. “We look forward to assisting the company as it pursues continued expansion.”
Heritage specializes in investing in companies that are focused on growth. “We had been approached by several companies who were eager to invest, but Heritage’s extensive network, and focus on growth, brings much more than just financial value to our new partnership,” said Gillespie. “It’s a very exciting time for Flying Colours.”
February 16, 2018