New York, NY (PRWEB) May 22, 2012
Moelis Capital Partners (MCP), the private equity business affiliated with Moelis & Company, today announced the acquisition of Mxi Technologies (“Mxi”), a leading provider of aviation maintenance management software solutions to commercial airlines, Original Equipment Manufacturers (OEMs), Maintenance Repair and Overhaul (MRO) organizations and defense operators.
Headquartered in Ottawa, Canada and with more than 200 employees, Mxi Technologies provides software solutions that address the business, operational and technical challenges of maintaining aviation assets throughout their operating lifecycle. The company’s main software platform is called Maintenix, which manages the engineering, planning, execution, materials management and maintenance-related business support and analytic activities of aviation organizations.
Kurt Larsen, Managing Partner of Moelis Capital Partners, said, “We are very impressed with Mxi’s strong management team, the best-in-class solutions they provide to their clients and strong customer base. We are particularly excited about the company’s growth prospects and, with our ability to leverage our network of advisors to help them grow, they are an obvious partner for us. We look forward to working with this talented management team.”
Dave Seibel, Chairman and CEO of Mxi, said, “We are excited about the partnership with MCP and believe it will help us continue to grow and meet the needs of customers and prospects alike. There is tremendous opportunity ahead for Mxi and with MCP we believe we have found a partner who is uniquely qualified to support the company in achieving its goals.” Mr. Seibel will continue in his roles as Chairman and CEO, and all other management team members will remain in their current positions.
Moelis & Company, JetCapital, The Avascent Group and Sagence Group served as advisors to MCP on the transaction, and Parr Brown Gee & Loveless, and Osler, Hoskin & Harcourt LLP served as legal counsel to MCP.
About Moelis Capital Partners
Moelis Capital Partners is a middle market private equity firm founded in 2007 in connection with the formation of Moelis & Company, a global independent investment bank. Moelis Capital Partners manages $700 million of committed private equity capital and specializes in traditional private equity investments in the middle market. For more information, please visit http://www.moeliscapital.com.
About Mxi Technologies
With solutions designed specifically for aviation maintenance, Mxi Technologies provides integrated and intelligent software, support, and services to commercial airlines, MROs, OEM aftermarket service providers, and defense operators. Mxi Technologies’ Maintenix® software uses a modern architecture and provides advanced capabilities such as a role-based Web browser interface, integrated planning, automated workflow, electronic signatures, support for portable wireless devices, and a comprehensive range of integration APIs. Mxi Technologies’ customers range from emerging, small to midsized organizations to the largest global enterprises. For more information, please visit http://www.mxi.com.