Middle-market lending firm Capital Southwest completed an investment in ITA Holdings Group, d/b/a Apollo MedFlight, a provider of air medical transportation services headquartered in Amarillo, TX. The $14.5 million investment is comprised of a revolving credit facility, a first lien term loan, a delayed draw term loan and a minority equity investment.
Capital Southwest acted as sole administrative agent and lender on the facility.
“We are pleased to have the opportunity to partner with Apollo MedFlight and to support the company’s continued growth as it expands its geographic presence,” said Douglas Kelley, managing director of Capital Southwest.
Apollo MedFlight primarily airlifts patients with high-level needs of emergency care from rural hospitals to facilities with expanded capabilities in larger metropolitan areas.