Ascent Aviation Services receives private equity investment

New Orleans-based private equity firm LongueVue Capital said it has invested both equity and mezzanine capital for US narrow body maintenance repair and overhaul services provider Ascent Aviation Services Corp.

Based in Tucson, Arizona, Ascent specialises in heavy maintenance, teardown, storage, and line maintenance services for small to mid-sized operators and leasing companies.

Ascent has the capabilities to service the Boeing (NYSE: BA) 737, 757, 727, MD-80, DC-9 aircraft, as well as the Airbus 320 and CRJ families.

The Ascent facilities located at Tucson International Airport consist of 48 acres of concrete ramp, over 34,000 square feet of hangar space along with 88,000 square feet of backshop and secured warehousing and consignment space in an ideal desert climate.

LongueVue Capital is focused on making value-oriented equity and debt investments in lower middle market companies (up to USD 100m of revenue) to support buy-outs, recapitalizations, acquisitions, and growth.

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