REVA recapitalizes in partnership with Directional Aviation and financing from Goldman Sachs

REVA, Inc., the premiere fixed-wing air ambulance company, recently increased its global strength and reach of its operations by completing a recapitalization effort in collaboration with three outstanding partners, the company said.

REVA´s newest partners include Directional Aviation, a world-class private aviation group, and Goldman Sachs Specialty Lending Group (“GSSLG”) as a lender. In addition, The Beekman Group, a New York private equity firm that initially invested in REVA in 2012, will remain an active investor in the company.

With over 350 employees and several bases strategically placed around the United States, REVA is one of the dedicated fixed-wing air-medical-transport services in the world. Transporting over 1,500 patients annually, REVA provides bedside to bedside service. Clients include private patients, Travel Insurers, Group Health Insurers, Health System Centers of Excellence and Travel Assistance groups. Medical Coordination and Logistical Support are provided through a state-of-the-art call center that operates 24 hours daily, 365 days per year.

Cleveland-based Directional Aviation provides the kind of support that can come only from a firm that specializes in private aviation. Its global network and reach will enhance REVA´s operational stability and offer industry best practices. From fractional jet ownership to jet cards and charter, to open and closed fleets, jet remanufacturing, aviation parts distribution centers and more, Directional Aviation brings a specialized knowledge of the financial, operational and technical needs of the private aviation industry to REVA´s segment of the business.