Trive Capital (Trive), the Dallas-based private equity firm, has announced its recent partnership with Field Aerospace (Field). Field operates out of three facilities located in the U.S. and Canada, specializing in aircraft integration, engineering, modification, and support services for government, aerospace, and defense customers.
The company has a 70+ year operating history in aircraft modification and parts manufacturing with a focus on special-mission aircraft including the DHC-8, Challenger, and Gulfstream platforms. As part of the transaction, Trive provided a structured capital solution to buy out minority shareholder and former Chairman, Dan Magarian, and to support future growth initiatives of the business.
“The directors and shareholders of Field are delighted to welcome Trive” said Field President and CEO John Mactaggart. “When we purchased Field Aviation in 2012 and ASES in 2015, we planned further acquisitions to enhance the organic growth of Field. Trive not only adds welcome expertise to the leadership of the company but will bring a fresh perspective to company growth and open further acquisition opportunities. The remaining original shareholders see this as a logical step in the growth of Field.”
