The Debt Investment Group of GB Merchant Partners, LLC, the investment management affiliate of Gordon Brothers Group, announced that it has increased its existing term loan to VAS Aero Services, a global provider of aftermarket aviation component services and distribution. GB Merchant Partners agented the term loan facility which will be instrumental in supporting the company’s continued growth.
Boca Raton, FL-based VAS Aero Services, formerly a division of AB Volvo known as Volvo Aero Services, was acquired by an affiliate of H.I.G. Capital, LLC in early October 2010. The company sources, warehouses and markets aftermarket components across a broad range of aircraft and engine platforms and provides related services to airlines, leasing companies and MRO providers.
“Since 2010, VAS has made significant strides in enhancing its position as a global leader in the aviation aftermarket sector and GB Merchant Partners is delighted to continue to support those efforts with the increased Term Loan facility,” commented Gary Prager, managing director, Debt Investment Group, GB Merchant Partners. “VAS’s position in the aviation aftermarket creates a unique opportunity for them to execute on their strategic vision.”
Debt Investment Group of GB Merchant Partners originates, structures and invests in private market debt.
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