Daily News: November 20, 2012

Gibraltar Closes Hawke Aerospace Revolver


Gibraltar provided a new revolving credit facility to Morgantown, PA-based Hawke Aerospace.

Hawke Aerospace is the parent company of helicopter maintenance provider Uniflight, air medical operator Keystone Med-Flight and Aviation Services Unlimited, which provides tactical airlift services primarily to law enforcement agencies and utility companies.

The Hawke Aerospace operating subsidiaries have grown from a single location with 19 employees in 2008 to approximately 100 employees currently across an expanded set of maintenance and helicopter base operating locations in Pennsylvania, New Jersey, New York, and Texas.

“This new revolving credit facility from Gibraltar Business Capital provides an important source of working capital to our company,” Joe Hawke, Hawke Aerospace chairman and CEO, said. “It will enable us to continue on a very positive growth trajectory as we respond to increasing levels of demand for service across our diversified set of capabilities.”

Northbrook, IL-based Gibraltar is an asset-based lender serving small- and middle-market companies with annual sales of $2 million to $50 million.