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


Clavis, Greyrock Capital Partner in Solair Group Recap

November 17, 2015, 07:21 AM
Filed Under: Aerospace

Clavis Capital Partners announced the completion of a significant investment in Solair Group, LLC,a global provider of maintenance tooling and Ground Support Equipment (GSE) products, services and solutions to the aircraft and aerospace industry.

Founded in 2004 and based in Miami, Solair Group is known throughout the aircraft maintenance industry for its large catalogue of manufactured products, comprehensive product repair and re-calibration service offerings and customer service excellence. The company is the leading global supplier of after-market and 3rd party maintenance tooling products and services to major airlines, military and Maintenance, Repair & Overhaul (MRO) companies around the world.

Clavis identified Solair Group as a leading niche manufacturer in a highly attractive segment and worked with management to structure a transaction to enhance the company’s overall growth prospects. Clavis partnered with Greyrock Capital Group to complete the financing for this transaction.

“We are thrilled to partner with Clavis and Greyrock on this deal. As opposed to just providing capital, the Clavis/Greyrock team brought real operational experience and insight that was specific to our needs and will help us further accelerate our growth plan” stated Wes Yale, President of Solair. “We are pleased to have partnered with investors who share our vision and passion for excellence.”  Yale will continue in his role and retain a significant ownership stake in the business.

“Solair fits our exact investment profile – excellent team, strong positive culture, world-class customer base and multiple near and long term growth opportunities. We are extremely excited to work with the Solair team to help them continue their success” commented Todd Dauphinais, managing partner of Clavis Capital.

Clavis Capital Partners is an operationally focused private equity firm that invests in growing industrial companies striving to reach their full potential. Clavis professionals and advisors are experienced operators - not financial engineers - who are passionate about building sustainable, competitive and successful businesses. Clavis focuses on investments in under-resourced, lower middle-market businesses with enterprise values ranging from $10 million to $200 million.

Greyrock Capital Group provides mezzanine debt and equity to finance buyouts, recapitalizations, and the internal growth needs of middle-market companies.

Comments From Our Members

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