Rotorcraft Leasing Company, L.L.C. announced today that it has
acquired Go Helitrans, a leading provider of transportation services
for personnel and equipment to offshore oil & gas production platforms
and drilling rigs in the western Gulf of Mexico. Rotorcraft is an
affiliate of H.I.G. Capital, a leading global private equity firm
based in Miami.
"Go Helitrans' presence in the western Gulf is a strong complement
to Rotorcraft's existing footprint," said Lloyd L. Marks, Rotorcraft's
President. "We have already begun the integration of Go Helitrans'
helicopter fleet and employees into the Rotorcraft organization. This
acquisition further strengthens Rotorcraft's position as the largest
privately-held helicopter transportation company in the Gulf of
Mexico. With our combined fleet of approximately 100 helicopters, we
will be able to better offer our valued customers a competitive
service offering from our first-class flight operations center in
Broussard, Louisiana. A close working relationship with our customers
is always our number one priority."
Go Helitrans is an operator of a fleet of FAR 135-certified
helicopters providing comprehensive logistics and transportation
services to oil & gas operators in the Gulf of Mexico.
"Rotorcraft has been a strong competitor and will be an
outstanding partner," said Gregory Obert, founder and President of Go
Helitrans. "The combination of Go Helitrans and Rotorcraft will result
in a highly positive outcome for our customers and employees. Go
Helitrans brings strong customer relationships, excellent employees,
and additional expertise to Rotorcraft. The initial response to the
transaction from our customers has been overwhelmingly positive,
primarily as a result of the expanded capabilities and opportunities
the combination will provide. I am excited to work with the Rotorcraft
management team to continue to grow the company."
Rodger D. Bagwell, Rotorcraft's CEO, expanded on the recent growth
of the company. "Go Helitrans is the third acquisition we have
completed since 2005. We have a strong track record of successfully
integrating businesses we acquire, and to drive continued growth.
Rotorcraft is always on the look-out for additional operating assets,
in order to grow our fleet of helicopters in line with our long-term
customer base in the Gulf. We believe our partnership with H.I.G. will
allow us to continue to significantly increase revenues over the next
several years."
"We are excited about the strategic benefits of the combination of
Go Helitrans and Rotorcraft," said Brian Schwartz, Managing Director
of H.I.G. Capital. "Lloyd Marks and Rodger Bagwell have been terrific
partners and have an outstanding track record of success. We look
forward to continuing to support the Company's growth."
About Rotorcraft Leasing Company
Founded in 1990, Rotorcraft is the largest privately-held operator
in the Gulf of Mexico certified by the FAA to operate helicopter
charters and execute long-term leasing agreements under an FAR 135
certification. The Company services the transportation needs of
mid-major, "independent" oil & gas customers through twelve air bases
located throughout Southern Louisiana and Texas. Flight planning and
tracking for its continually expanding helicopter fleet are managed
from central Flight Operations Support in Broussard. Rotorcraft also
provides full service helicopter maintenance via, it's FAA-certified
helicopter repair and services facility, including parts, engine and
component overhauls, and avionics. For more information, please visit
www.rotorcraftleasing.net.
About H.I.G. Capital
H.I.G. Capital L.L.C. ("H.I.G.") is a leading global private
equity investment firm with more than $4 billion of equity capital
under management. Based in Miami, and with offices in Atlanta, Boston,
and San Francisco in the U.S., as well as London, Paris and Hamburg in
Europe, H.I.G. specializes in providing capital to small and
medium-sized companies with attractive growth potential. H.I.G.
invests in management-led buyouts and recapitalizations of profitable
and well managed manufacturing or service businesses. H.I.G. also has
extensive experience with financial restructurings and operational
turnarounds. Since its founding, H.I.G. has completed more than 75
transactions. The firm currently manages a portfolio of more than 50
companies with combined revenues in excess of $7 billion. For more
information, please refer to the H.I.G. website at www.higcapital.com.
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