Solair Group Announces Strategic Financing to Support Expansion and Growth of the Company's Industry-Leading Maintenance Tooling & Ground Support Equipment Offering
November 2nd, 2015 / Miami, FL - Solair Group, the leading global provider of maintenance tooling and Ground Support Equipment (GSE) products, services and solutions to the aircraft and aerospace industry, today announced the completion of a strategic investment by leading Private Equity firms to support the company's recent expansion and future growth. Investment proceeds will be used to further expand the company's maintenance tooling solutions and capabilities, execute on a growing pipeline of orders and global opportunities, and accelerate the company's commercial growth.
"This investment in Solair is great news for our company and our customers. The investment will allow the company to further enhance the unique partnership value that Solair brings to its customers which include leading airlines, military, and Maintenance, Repair & Overhaul (MRO) companies across the globe" commented Wes Yale, President of Solair Group. "We are pleased to have partnered with investors who share our vision and passion for excellence." Mr. Yale will continue his role as President of Solair Group.
The strategic investment was led by Clavis Capital Partners, an operationally-focused Private Equity investment firm with significant operational experience in the manufacturing and industrial services sectors. Clavis partnered with Greyrock Capital Group to complete the strategic investment.
"Solair is a unique, high growth company that is hyper-focused on operational excellence and superior customer service. The leadership and employees of Solair have created an impressively strong culture of excellence evident the moment that you step into their facilities. We are extremely happy to partner with the Solair team to help the company accelerate its growth and continue its mission" commented Todd Dauphinais, Managing Partner of Clavis Capital Partners.
"We are very impressed with the team at Solair, the strategic positioning of the company, and the winning culture that has been built over the last 10 years. We are excited about the future growth potential of this company and look forward to continuing to support its path forward" commented Sam Snyder, Vice President of Greyrock Capital.
Founded in 2004, Solair Group provides discerning aircraft maintenance operations personnel with a broad range of products, services and solutions for all of their maintenance tooling needs. With an unmatched reputation for competitive pricing, customer service, product availability and quick turn-around times, Solair is the leading supplier of products & services to aircraft customers world-wide.
About Solair Group
Based in Miami, Solair Group is a full service supplier of low cost tooling and Ground Support Equipment (GSE) for all types of aircraft. We offer a broad range of manufactured and sourced maintenance tooling products along with full service technical support, repairs, recertification and calibration to all of our Airline, MRO and military customers across the globe. We also offer custom workmanship on all of our equipment with in house machine shop, welding, painting, sheet metal, coating and wood work capabilities to meet any customer need.
About Clavis Capital Partners
Clavis Capital Partners is a unique, Dallas based Private Equity firm that makes control investments in strategically viable but capitally constrained industrial oriented companies striving to reach their full potential. Our team of professionals are operators, not financial engineers. We are experienced and passionate about building sustainable, competitive and successful businesses. We focus on investments in under-resourced, lower middle-market businesses with enterprise values from $10 million to $200 million. Each of our principals and advisors have significant, direct experience in successfully running and managing businesses across a range of industrial and service sectors. Since 1994, our principals have completed over 20 transactions representing over $1 billion of equity deployed.
About Greyrock Capital Group
Greyrock Capital Group provides mezzanine debt and equity to finance buyouts, recapitalizations, and the internal growth needs of middle-market companies.
Formed in 2002, its Principals have over 150 years of collective experience, and led a highly successful middle-market corporate finance business for Bank of America's Commercial Finance Division and its predecessors. Over a twenty five-year plus period, the Greyrock team has invested subordinated debt and equity in over 100 companies in a wide range of industries including manufacturing, consumer wholesale, building materials, industrial equipment, and services businesses.
Greyrock Capital is currently investing out of its third independent fund and serves management teams and equity sponsors nationwide through offices in Berkeley, CA, Chicago, IL and Wilton, CT.
Name: Wesley Yale, Jr.