Dos Rios Partners, a Texas-based private equity firm, has partnered with Chuck Constant and Pete Henrikson of Phoenix Aviation Group of Dallas, Texas to acquire Pathfinder from its founder and previous owner, Michael Fell, the firm said.
Constant and Henrikson will lead the company as CEO and EVP of Operations, respectively. Both Constant and Henrikson bring deep international aviation and safety experience to the team.
Pathfinder was founded in 2000 by Mike Fell to provide aviation services to the Alaskan market and beyond. With its rich history of operating fixed-wing aircraft and helicopters in Alaska and other locations around the world, Pathfinder has proven to be a strong international aviation company serving customers year-round in the North Slope & Cook Inlet.
Pathfinder provides aviation services using a variety of aircraft, which can range from light to heavy twin rotary wing and twin turbo to jumbo fixed wing aircraft. It operates aircraft in support of Hilcorp, Caelus Energy and other tier 1 oil companies as well as state/federal customers. The fleet consists of the Viking Twin Otter DHC-6 and Bell 206/407/212 helicopters.
Dos Rios Partners is a private equity group formed to invest in junior securities of proven, growing niche businesses with approximately USD 2 — USD 12m in EBITDA, generally alongside strong, motivated sponsors and management teams. The firm has offices in Austin/San Antonio, Dallas/Fort Worth, and Houston.