Innovative Capital Holdings acquires assets of Sabreliner Corporation
NAPLES, Fla., April 8, 2014 /PRNewswire-iReach/ — In coordination with the kickoff of the Aviation Week MRO Americas 2014 tradeshow today in Phoenix, Innovative Capital Holdings, LLC (“Innovative Capital”) announced that its subsidiary, Sabreliner Aviation, LLC (“Sabreliner Aviation”), acquired substantially all the assets of Sabreliner Corporation, a St. Louis based diversified aviation services company. Sabreliner Aviation is operating with a new management team and is headquartered in Perryville, Missouri. Terms of the private transaction were not disclosed.
“Our community has as long, proud history at the airport. Our workers have completed first-class work for nations around the world. Although we were disappointed to see Sabreliner Corporation struggle, we are excited by Innovative Capital’s acquisition of Sabreliner Corporation’s assets,” said Perryville City Administrator Brent Buerck. “We believe this commitment will help retain good jobs and support related businesses in our community. We look forward to working with Sabreliner Aviation to support its growth and wish it much success going forward as it works to return our airport to prominence.”
Operating in several locations outside St. Louis and at customer locations worldwide, Sabreliner Aviation will serve customers in the government, military and business aviation arenas, specializing in airframe, engine, and component modification, inspection, repair, and overhaul for a broad array of fixed wing and rotary wing aircraft.
“We view this as an excellent investment opportunity in the aviation industry and look forward to providing the highest quality service for all of our customers,” said Innovative Capital CEO, Robert Stockard. “Leveraging the excellent Sabreliner brand and reputation, and a highly skilled and motivated workforce, Innovative Capital plans to grow the new Sabreliner Aviation into one of the top aviation services companies worldwide.”
Planning further investments in the Aviation/Aerospace arena, Innovative Capital representatives will be at the Aviation Week MRO Americas 2014 industry tradeshow starting today in Phoenix. Representatives will also be at the NBAA 2014 Maintenance Management Conference April 22-24 in Tampa and other industry events throughout 2014. For further details and other news related to Innovative Capital and our investments, see innovativech.com/news/news-and-events.
About Sabreliner Aviation
Located outside St. Louis, Missouri, Sabreliner Aviation is an aviation MRO company recognized worldwide for its extensive expertise and capabilities in and maintaining aircraft to the highest standards. The company is a FAA licensed full-service maintenance, repair and overhaul facility. Sabreliner’s in-house engineering and manufacturing capabilities enable it to fabricate airframe structural assemblies, parts and tooling for use in new fixed and rotary-wing aircraft production, and for repair and overhaul of existing aircraft. For more information, visit www.sabreliner.com or call 573-543-2212.
About Innovative Capital Holdings
Innovative Capital is a privately funded global investment firm that specializes in the acquisition and management of lower middle market distressed, insolvent and special situations worldwide. Our team combines the financial skills and resources of a traditional private equity firm with the insight and expertise of real world operating experience. Innovative Capital invests in companies that can benefit from our in-house professionals, resources, and expertise in their efforts to create value. For more information visit www.innovativech.com, email our team or call 239-228-5000.
Media Contact: Robert Stockard, Innovative Capital Holdings, 2392285003, email@example.com
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SOURCE Innovative Capital Holdings