February 5, 2020, Greenville / Charleston, South Carolina – Route 2 Capital Partners (“R2CP”) is pleased to announce that Reliance Aircraft International, LLC (“RAI”), an entity formed by Alturus Capital Partners, R2CP, Andrew Cohen, and Terry Hix, has completed a strategic investment in Reliance Aircraft International, Inc. This transaction provides substantial growth opportunities for RAI to purchase assets under its Commercial and Military aircraft platform strategies, as well as secures additional capital for expansion into new product lines and the purchase of other entities possessing synergistic and common values of RAI. Located in Austin, Texas, RAI will continue to be managed by Terry Hix, President and Andrew Cohen, Managing Director.
RAI is an aftermarket Commercial and Military Airframe/Engine spare parts supply company. RAI was founded in 2011 as a reseller, supplier and distributor of spare Boeing, Airbus, CFM, GE, Rolls Royce, and Pratt & Whitney aircraft and engine parts to the worldwide Aircraft Aftermarket Parts industry. RAI acquires its inventory either by purchasing aircraft for disassembly or through lot packages. RAI has purchased and disassembled over 30 aircraft since December 2011, ranging from the 767-300, 757-200, 747-400, 737 Classic and NG, MD80, A300-600, A310, and A320 aircraft platforms.
Please contact Scott Kester, Patrick Weston, Jay White, or Spalding White to discuss this transaction or other investment opportunities.About Route 2 Capital Partners
R2CP is a private investment firm providing flexible junior capital solutions to lower middle market companies, primarily in the southern U.S. The firm’s partners possess over 100 years of combined investment, transactional, and operational experience. R2CP seeks to invest in established companies with minimum annual revenues and EBITDA of $10 million and $2 million, respectively, that generate predictable and profitable cash flows. R2CP's investment proceeds will be used to execute growth and expansion plans, support business recapitalizations, and facilitate management buyouts. R2CP reviews opportunities in niche manufacturing, business and healthcare services, and specialty distribution. For more information, visit www.route2capital.com.