The Industry and Company

The Company is a sponsor-backed market leader in distributing and servicing aftermarket aerospace components. With near perfect retention rates, it has particularly benefitted from long-standing relationships in the aviation industry. However, global travel restrictions and the reduction in daily flights severely impacted the Company’s operations in 2020.

The Situation

The Company sought equipment financing to support and expand its service segment, which has experienced higher demand recently with more aircraft on the ground.

The Result

Despite the industry overhang, Atalaya provided ~$5M in equipment financing to the Company. The Company was then able to preserve liquidity during a major industry downturn.