Fortbrand Services, a provider of ground support and airfield maintenance equipment to the global aviation industry, received an investment from The Firmament Group, a provider of tailored debt and equity capital solutions to small- and medium-sized enterprises (SMEs).
The amount of the deal was not disclosed.
As a provider of capital solutions, Firmament provided debt and equity capital as part of a recapitalization of the company led by management and Wincove Private Holdings, LP, an investment holding company with offices in New York and Boston that seeks to invest in small, growing businesses.
Fortbrand sells, leases and rents aircraft ground support equipment and airfield maintenance equipment to commercial airlines, ground handling companies and airports throughout the North America.
Its Ground Support Equipment business provides sales, leasing and short-term rentals of mission critical ground support equipment to airlines, ground handling companies and fixed base operators.
The company’s Airfield Maintenance Equipment business distributes snow removal and maintenance equipment to airports.
Through its operation in Sastamala, Finland, Fortbrand also services airport operators throughout Europe.