Acasta Enterprises' Aviation Announces Senior Appointments

Acasta Enterprises Inc. (TSX: AEF and AEF.WT) has announced that its aviation operating company, Stellwagen Group, has made two senior executive appointments, the company said.

The Stellwagen Group, the global aviation industry´s provider of fully integrated asset management, technical management and fleet and capital financing solutions, has announced the appointment of Scott Corman to the role of Chief Executive Officer of Stellwagen Capital Limited (“StellCap”) effectively immediately, and David Butler to the role of Chief Operating Officer of the Group, effective October 1, 2017.

Prior to joining the Group as part of the ECN Capital transaction, Corman served as an Executive Managing Director the firm´s expansion into structured finance services in both the rail and aircraft markets. He previously spent 13 years as Head of the Transportation Asset Finance team at Credit Suisse AG in New York. His track record of architecting numerous award-winning transactions and experience launching the largest ABS transaction in aviation marketplace history align extremely well with the Group´s goals for StellCap.

Brennan added the following regarding Corman´s appointment: “In addition to applying his expertise to managing StellCap´s senior loan fund and structured products, Scott brings vast experience and relationships that powerfully highlight our commitment to the leasing community. His leadership will also allow us to enhance and expand our capital raising initiatives.”

A native of Ireland, Butler previously spent more than a decade at Digicel Group, a provider of affordable and innovative mobile services, enterprise solutions and cloud computing. He most recently served as Chief Executive Officer of the firm´s Jamaica, Panama and Fiji businesses and was responsible for exponential growth in several regions. His transformational leadership techniques will now support the Group´s efforts to drive new operational efficiencies, disciplined performance management and sustainable growth.

In conjunction with these appointments, Howard Millar has indicated his intention to leave the organization shortly.

Founded in 2012, the Stellwagen Group is a fully integrated provider of asset management, technical management, and fleet and capital financing solutions to the global aviation industry as well as aviation investors. The Group has a number of companies headquartered in Dublin, Ireland: Stellwagen Finance company, Seraph Aviation Management, Stellwagen Capital and Stellwagen Technology.

Stellwagen Capital Limited (“StellCap”) is the exclusive credit investing arm of the Stellwagen Group, focused on credit-oriented investment strategies in industries in which the Group has exceptional operating and financial competence. StellCap draws on the Group´s operating companies to deliver superior investment products to help institutional investors, banks and individuals invest in industrial fixed income strategies. StellCap currently specializes in aviation debt with key areas of focus that include senior secured loans, high yield instruments, and operating lease debt and stressed / distressed debt. The firm oversees investment companies that will deploy capital for banks, insurance companies, foundations, fund of hedge funds, and high net worth investors.

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.