AerSale, a global provider of aftermarket aircraft, engines, and their component parts to airlines, leasing companies, and OEM/MRO service providers, completed an initial $250m equity raise with Green Equity Investors V, L.P., an affiliate of Leonard Green & Partners, L.P.
As stated by Nicolas Finazzo, AerSale’s Chief Executive Officer, this partnership will allow the company to channel all its energy into acquiring, leasing, and redistributing products to the aviation industry.
“Our business plan at AerSale calls for the acquisition of over $1 billion of aviation assets during the next 5 years”, he said.
AerSale Chief Operating Officer Robert B. Nichols added: “Together with Leonard Green & Partners, we have a shared vision of how to supply cost effective aftermarket flight equipment to the aviation industry, while at the same time providing the highest level of customer satisfaction.
“The market needs a well capitalized participant with substantial experience to assist airlines with their fleet transitions, whether through sale-lease back transactions or the outright purchase and remarketing of aircraft, engines, and parts inventories”.
The transaction was arranged by Los Angeles based Imperial Capital, LLC.