Tree Line Capital Partners, a direct lender focused on the lower middle market, served as agent and lead arranger for a first lien credit facility to support Westward Partners’ acquisition of Grant Aviation. The credit facility included a revolver and acquisition financing term loan.

Tree Line also provided an equity co-investment to further support Westward’s acquisition. Investors from Alaska also contributed capital to the transaction.

Headquartered in Anchorage, AK, Grant Aviation is a logistics company offering regional air transport in southwestern Alaska.

“Tree Line was highly flexible, efficient and thoughtful throughout the financing process and delivered a comprehensive credit solution,” Andy Baldridge, founding partner of Westward Partners, said. “We are excited to begin our relationship with Tree Line as we assess additional creative opportunities with Grant Aviation as well as future deals at Westward.”

“This investment in Grant Aviation is a clear example of our ability to provide complete financing solutions across the capital structure to support our sponsors and borrowers,” Frank Cupido, a partner at Tree Line Capital Partners, said. “Grant Aviation has been a longstanding leader in Alaskan logistics for over 50 years and is extremely well positioned for future growth. We’re excited to launch this partnership.”