Strategic Aviation partners with First Growth Management
Friday July 6th 2012 - Strategic Aviation
Strategic Aviation Services Ltd. (SA) has announced a new partnership with First Growth Management (FGM). The Kelowna, B.C,-based company said FGM is providing management expertise, connections and relationships - as well as a financial commitment – that will assist SA as the company moves forward.
“This exciting news is extremely positive,” said Aaron Young, president and CEO of SA. “I am very pleased to have First Growth recognize the potential of Strategic Aviation, and to make such a significant commitment towards the future of our company. For all of us at SA, this comes at a critical time in our growth and will be the piece we need to move to the next level. We have informed many of our customers directly, as well as taking this good-news message to our employees earlier this week.”
FGM is a private equity company that invests primarily in small, growing businesses, mid-sized asset based and early stage public companies.
“Our strategy is to invest in companies we believe to have the people and the market placement to achieve success in their sector,” said Fraser Campbell of FGM, who is assuming the role of chief operating officer and chief financial officer with immediate effect. “We are impressed with Strategic Aviation as a company, the strength of its reputation in the field, and the opportunity for growth,” he said. “We have significant experience and proven successes in taking small, growing companies and helping them realize their potential – SA fits perfectly into our sweet spot.”
Clint Sharples, president of FGM, is joining the SA board as chairman, with Young and Campbell.
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Did you know?
The first non-stop flight from Canada to England took place in August 1934 in a D.H.84 Dragon. Captains Len Reid and James Richard Ayling took off from Wasaga Beach, Ont., and landed near London, England, the next day. The journey took 30 hours and 50 minutes.