AFV Partners LLC, a Texas-based capital vehicle founded by Tony Aquila, has announced the acquisition of 100 % of UK-based aviation services provider RocketRoute Ltd. from Alyssum Holdings Ltd., the company said.
Terms of the transaction were not disclosed.
The addition of RocketRoute to the AFV Partners portfolio brings access to many new flight planning capabilities that will enhance APG´s newest app, iPreFlight Genesis, with particular focus on European routing and filing.
AFV Partners is an affirmative low-leverage capital vehicle that invests in long-term mission critical software and data businesses.
RocketRoute is a software platform simplifying route planning and flight plan submissions to aviation authorities around the world.
Aircraft Performance Group (APG) is a global provider of proprietary flight operations software solutions into the aftermarket of the aerospace industry. APG operates a software as a service business model focused on the corporate and business aviation segment of the aerospace industry.
Alyssum Holdings was formed in England in 2018 by Clive Jackson as a holding company for the RocketRoute and FlyVictor assets.