FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / Press Releases / Read Press Release


Hawke Aerospace Closes New Credit Facility With Gibraltar Business Capital

November 20, 2012, 08:14 AM

Hawke Aerospace announced the closing of a new revolving credit facility provided by Gibraltar Business Capital, based in Northbrook, IL.

Hawke Aerospace is the parent company of helicopter maintenance provider Uniflight, air medical operator Keystone Med-Flight and Aviation Services Unlimited, which provides tactical airlift services primarily to law enforcement agencies and utility companies. On a combined basis, the Hawke Aerospace operating subsidiaries have grown from a single location with 19 employees in 2008 to approximately 100 employees currently across an expanded set of maintenance and helicopter base operating locations in Pennsylvania, New Jersey, New York, and Texas.

Chairman and CEO of Hawke Aerospace, Joe Hawke stated: "This new revolving credit facility from Gibraltar Business Capital provides an important source of working capital to our company. It will enable us to continue on a very positive growth trajectory as we respond to increasing levels of demand for service across our diversified set of capabilities. We were very impressed with the professional approach, speed and courtesy that Darren and his team took in underwriting our transaction. We look forward to continuing to work with the Gibraltar team."

Darren Latimer, president and CEO of Gibraltar Business Capital, said "The Hawke Aerospace team has been able to achieve impressive growth over the past few years, despite the difficult economic environment. We have every expectation that the continuing growth initiatives of the business will bear fruit for all of the participants in this transaction."

Gibraltar Business Capital is an asset-based lender serving small and middle market companies with annual sales of $2 to $50 million. 

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.