XLCS Partners, Inc., a leading middle market investment bank, is pleased to announce that it served as exclusive advisor to First Class Air Support, Inc. (FCAS) and Cargo Repair, LLC in its sale to O2 Investment Partners, LLC.
FCAS and Cargo Repair are both headquartered in Louisville, Kentucky with additional facilities in Florida, California, Turkey, and the United Kingdom. FCAS is a leader in the aerospace aftermarket and a premier supplier of components to the global cargo aviation industry. Cargo Repair, is an FAA and EASA 145 certified repair station specializing in the repair and overhaul of cargo loading systems and components.
Isac Roths, Founder of both companies remains a significant shareholder and will continue to lead the organization as President and CEO.
“Thanks to Joe Contaldo and his team at XLCS, we have a great new partnership with O2,” said Isac Roths. “XLCS sought a strategic partner that would help facilitate our growth and expansion plans. Joe’s leadership throughout the process brought us the best possible outcome. We look forward to our new partnership.”
“Partnering with well-known, highly respected global aerospace leaders is what we do best, and we love every second of it,” stated Joe Contaldo, Partner and Head of XLCS Partners’ Aerospace & Defense Practice Group. “Our team is growing, our reach expanding, and our process is leading to extraordinary outcomes for our clients.”
O2 Investment Partners is a Midwestern based private equity firm that seeks to acquire majority interests in lower middle market B2B services, technology, and select niche industrial companies. The firm invests in businesses with earnings growth potential and a clear path to the creation of shareholder value. O2 invests with a view toward partnering with management to build and grow the business and take it to its next stage of development. This requires not only a clear vision and strategic plan to create shareholder value, but a close partnership and alignment of interest with management.
XLCS acted as the exclusive M&A advisor to FCAS and Cargo Repair and the transaction was led by Joe Contaldo, Partner and Head of XLCS’s Aerospace & Defense Practice Group. The transaction was completed on January 28, 2020.
About XLCS Partners, Inc.
XLCS Partners is an investment banking firm providing M&A advisory services to select clients globally. More information is available at www.xlcspartners.com.