Chicago, IL/Coconut Creek, FL (PRWEB) May 08, 2012
Madison Street Capital (MSC) acted as the exclusive financial advisor and placement agent in arranging an Ex-Im Bank credit facility for its client, Atlantic Jet Support, Inc., according to Charles Botchway, CEO of Chicago-based MSC.
The credit facility was provided by Citibank N.A. The transaction was led by Barry Petersen, MSC’s Senior Managing Director, along with Senior Vice President Dipesh Patel, and Vice President Brian Gorski. Terms of the transaction were not disclosed.
Headquartered Coconut Creek, Florida, Atlantic Jet Support provides aircraft components and assemblies to a wide range of international carriers. The Citibank facility, in conjunction with Ex-Im Bank support, will allow the firm to continue its strong path of growth and expansion, according to Sarunas Rackauskas, CFO of Atlantic Jet Support. “Madison Street Capital’s team provided several options which insured the most competitively priced structure and facility to support our significant growth opportunities,” he said.
About Atlantic Jet Support, Inc.
Founded in April 2004 and headquartered in Coconut Creek, Florida, Atlantic Jet Support (AJS) is an ASA-100-certified aftermarket distributor of aircraft components and assemblies for various Boeing, Airbus, Bombardier, and ATR aircraft models. Its target market includes commercial airlines operating on a global basis, with a particular focus on rotable components of all kinds. The firm bolsters its product offering with an industry-leading warranty program and array of services, including technical consulting and repair management programs. AJS has experienced strong growth from its international client base in recent years.
About Madison Street Capital, LLC
Headquartered in Chicago, Madison Street Capital is an international investment banking firm committed to the highest standards of integrity and service in providing corporate finance advisory services, merger and acquisition expertise, restructuring services, financial opinions, and valuation services to publicly and privately held companies. MSC has offices in North America, Asia, and Africa. MSC has specialized expertise in partnering with middle-market firms in hundreds of industry verticals and niche markets to achieve the best possible outcome through a variety of transactions. MSC analyzes each client’s unique needs to obtain the best match between buyers and sellers, arrange appropriate financing, and create capitalization structures that optimize each client’s potential. Madison Street Capital is a trusted partner and leading provider of financial advisory services, M&A assistance, and valuations. For additional information, please contact us at 312-529-7000 or visit our website at http://www.madisonstreetcapital.com.