First Aviation Services released that it has entered into an agreement to sell the majority of its interest in Aerospace Products International (“API”) to Cleveland-based private equity firm Resilience Capital Partners. API, which is based in Memphis, is a global aviation parts and equipment distributor which also provides supply chain management services to the aviation industry. Resilience, which manages funds with more than $320m in assets, will make a significant capital investment to make API more competitive and dynamic. Resilience is a partner in aviation companies including Flight Options LLC and has investments in industrial, consumer goods and technology businesses.
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Tamar Jorssen
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Richmond, BC V6X 3M1
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[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada