Acasta acquires ECN Capital's commercial aviation business

Acasta Enterprises Inc. (TSX: AEF and AEF.WT) Stellwagen Group has closed its acquisition of ECN Capital´s Commercial Aviation advisory and asset management business, the company said.

ECN structures and arranges aircraft financing, and manages a portfolio of commercial aviation assets on behalf of institutional investors. It is run by a highly skilled US-based team and manages CUSD 1.7 billion of aircraft assets, including a portfolio of 45 commercial passenger aircraft on lease to 30 global airlines.

The acquisition of ECN provides Stellwagen Group with an established asset management platform, complimentary expertise and increased distribution capabilities. The combination of ECN with Stellwagen is expected to create enhanced strategic advantages. ECN will be integrated into Stellwagen Capital.

Acasta Enterprises Inc. is a Canadian public company that acquires businesses with exceptional potential for value creation through strategic and transformational initiatives. As a proactive private equity manager, Acasta partners with the senior management teams of its acquired businesses, empowering them to pursue value creating trajectories.