Class VI Partners (formerly CapitalValue Advisors “CVA”) is pleased to announce the recapitalization of Aircraft Performance Group (“APG”) by Liberty Hall Capital Partners (“Liberty Hall”).
“Rogers, Mark and Mike have built a tremendous company, founded on the principle of constant innovation to make flying safer and easier. APG leads the market in runway analysis and performance, and with its new Genesis release, APG will lead the market in sophisticated, on-demand flight planning. We are very fortunate to have been a part of this most recent leg of their journey in building an incredible software company here in Colorado, and look forward to seeing APG continue to grow over the coming years in partnership with Liberty Hall,” said Chris Younger, Class VI Managing Director.
“When Mark and I decided to find a partner to continue the growth and legacy of APG, we knew one of our most important decisions was the investment bank we chose to represent us. We could not be more pleased with Class VI. From the beginning of the process, they genuinely listened to our objectives for a transaction, understood our business and worked tirelessly to push the deal across the finish line. Throughout the transaction, Class VI explained every detail and ensured we understood every decision before we chose a direction,” said Rogers Hemphill, Co-Founder of APG. Mark Thelen, Co-Founder of APG, added, “The team at Class VI was exceptional. Their knowledge in navigating a transaction and experience in Software-as-a-Service proved to be invaluable to our team and to positioning the unique aspects of APG. They are a truly remarkable group of professionals that I would recommend to any entrepreneur who is considering a capital event.”
Founded in 1999 in Castle Rock, Colorado, Aircraft Performance Group is a leading global provider of proprietary flight operations software solutions for the aftermarket of the aerospace industry. APG currently serves over 1,800 customers representing over 11,000 individual aircraft around the world. APG is the market leading provider of aircraft performance calculation software focused on runway analysis and weight & balance services. In October 2018, APG introduced iPreFlight GenesisTM, a significant upgrade to its industry-leading mobile app, iPreFlight, that seamlessly integrates international flight planning, runway analysis and weight and balance calculations.
APG’s existing management team, led by Michael Caflisch, CEO, will remain in their roles following the recapitalization. “Liberty Hall offers unsurpassed expertise and knowledge of the global aerospace industry, making them an ideal partner for APG as we look to execute on our vision and strategy for the next stage of our growth,” added Mr. Caflisch. “We are pleased to embark on this new partnership with Liberty Hall, while we continue to focus on providing our global customers superior service with both our existing aircraft performance products as well as our recently introduced iPreFlight GenesisTM offering.”
The transaction closed on November 30, 2018. Rumler Tarbox Lyden Law Corporation and Perkins Coie served as legal counsel to APG. Gibson Dunn & Crutcher served as legal counsel to Liberty Hall. Debt financing for the transaction was provided by BMO Sponsor Finance and Stellus Capital Management.
About Class VI Partners
Class VI provides middle-market investment banking services, including mergers and acquisitions advisory, corporate advisory, business valuation, and private capital raising services through its affiliate, Class VI Securities, LLC and Member FINRA. Class VI is also affiliated with and offers wealth management services through Class VI Family Office, LLC, a Registered Investment Advisor with the Securities & Exchange Commission.
Rogers Hemphill and Mark Thelen, Co-Founders of APG, are clients of Class VI Partners and is not being compensated for sharing their opinion and experience with the firm. Any compensation creates a conflict of interest. Comments by Rogers Hemphill and Mark Thelen may not be representative of any other person’s experience with the firm and are no guarantee of future performance or success.
Additional Disclosures
Investment advisory services offered through Class VI Partners’ affiliate Class VI Family Office, LLC, a Registered Investment Adviser with the U.S Securities and Exchange Commission. Class VI Partners offers investment banking and private securities transactions through its affiliate, Class VI Securities, LLC. Class VI Securities, LLC is a registered broker/dealer and member of the Financial Industry Regulatory Authority (FINRA). Class VI Pathfinder, LLC provides general business consulting to privately held businesses. Collectively these entities are referred to herein as “Class VI”.
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