Trive Capital Sells Aevex Aerospace, LLC


(Solana Beach, CA and Dallas, TX) Aevex Aerospace, LLC is primarily centered on three capabilities.  The three capabilities are; engineering & technology, flight operations and intelligence solutions.  Specifically, the engineering & technology capability is centered on the motto, “from concept to the flight line.”  In other words; the engineering & technology side of the business focuses on a rapid design process, integration, deployment of special mission platforms and deployment of payloads.  The end point of the previously said, is being able to meet a business client’s unique needs.  In support of the end point, Aevex Aerospace, LLC likes to cite that, it has logged more than 1,950,000 hours of operations.  Recently, Trive Capital announced that, it is no longer the owner of Aevex Aerospace, LLC.  Specifically; the aforementioned business revealed that, it has entered into a definitive agreement to sell, Aevex Aerospace, LLC.  The definitive agreement to sell is with, Madison Dearborn Partners and Covant. 
            Madison Dearborn Partners and Covant, the new owners of Aevex Aerospace, LLC; receive everything.  In other words, they receive the full spectrum of business operations.  However and returning to, Aevex’s engineering & technology capability, the aforementioned is also backed up by four pillars.  The four pillars are; engineering & integration, flight test & certification, specialized sustainment and technology solutions.  As previously said, in support of all of this, Aevex Aerospace, LLC cites its hours of operations.  The latter, is more than 1,950,000 hours of operations.  One of the focal points of the reported hours of operations, or, how Aevex Aerospace, LLC arrives at the reported hours is the following.  Airborne intelligence, surveillance and reconnaissance (I.S.R.) is one of the focal points.  In order, to provide I.S.R. as a service to business clients, Aevex Aerospace, LLC relies on the following business model.  The business model is initial technical concept development, all the way to, system fielding and sustainment.  Overall, Aevex’s engineering & technology capability offers potential business clients, the following services.  The services are:  systems & architecture design, special mission aircraft provisioning; platform engineering & modification; rapid prototyping & fabrication; sensor acquisition & integration; communications/networking engineering and custom hardware & electronics.
            Returning to, the definitive agreement to sell, the aforementioned is based on recent business growth.  In fact; Trive Capital reports that, it successfully worked in conjunction with Aevex Aerospace, LLC, to be able to, build an exceptional management team.  Aevex’s new management team, in turn, deserves a lot of the credit for having improved the following.  Operational execution, sales & marketing focus, capability expansion, systems and technological innovation were all successfully improved.  More recently and since the year 2014, Aevex Aerospace, LLC is best characterized, by the following three types of business growth.  Organic investment in expanded capabilities, is one way in which, the business growth is characterized.  Targeted acquisition of other specialized service providers, is a second way in which, the business growth is characterized.  Secular expansion in the collection and dissemination of I.S.R. data to niche intelligence communities, is a third way in which, the business growth is characterized.
            Brian Raduenz is the Chief Executive Officer of Aevex Aerospace, LLC.  Through a press statement, Mr. Raduenz said the following.  “Through our relationship with Trive, AEVEX was able to enhance its service offering across all three divisions and expand its global footprint to better serve its customers, employees, and missions.  We are proud of our successful partnership with Trive which has allowed us to collaboratively build a valuable service offering that leverages the strengths and capabilities of our team.  Trive’s operational, financial, and government services sector expertise was critical in strategically positioning the Company for significant growth, and we look forward to continuing this momentum with our new shareholders.”
            To end, Trive Capital did release a press statement.  David Stinnett is a Partner at Trive Capital.  Through a press statement, Mr. Stinnett said the following.  “AEVEX is a unique business with a differentiated service offering that has established itself as a leader in critical ISR missions, globally.  The Company’s strong customer relationships, highly specialized capabilities and talented management team, coupled with the organic and inorganic investments made over the last 6 years, have allowed the business to capitalize on significant market opportunities.  Trive has appreciated the partnership with management and is excited to see AEVEX continue to succeed and expand under the ownership of MDP and CoVant.”  As previously stated, Trive Capital recently announced that, it is no longer the owner of Aevex Aerospace, LLC.  Specifically; the aforementioned business revealed that, it has entered into a definitive agreement to sell, Aevex Aerospace, LLC.  Lastly; the definitive agreement to sell is with, Madison Dearborn Partners and Covant. 

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Written from Press Release
Registered Writer with
PR Newswire Association, LLC
R-Berumen28
03/13/2020




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