WhiteHorse Capital Provides Financing for Tiger Infrastructure Partners’ Acquisition of IAC
WhiteHorse Capital is pleased to announce that it has provided a new first lien credit facility to support the acquisition of International Aerospace Coatings (“IAC” or the “Company”) by Tiger Infrastructure Partners (“Tiger Infrastructure” or “Tiger”). Founded in 1980, IAC is a market-leading aviation services provider headquartered in Shannon, Ireland and Irvine, California. IAC utilizes 18 hangars strategically located at seven airports and two customer sites in the United States and Europe to provide essential services, including aircraft painting, aviation technical services, aircraft interior refurbishment, and aircraft graphic solutions.
“We selected WhiteHorse Capital based on their ability to move quickly and creatively structure the transaction to meet our needs. They were thoughtful and diligent throughout the transaction and delivered on their commitments. We look forward to a successful investment in IAC with WhiteHorse Capital as our financial partner,” said Emil W. Henry, Jr., CEO of Tiger Infrastructure.
Sobia Khaliq, Managing Director at WhiteHorse Capital, added, “We are excited to support Tiger Infrastructure’s acquisition of IAC, a market leader with long-term customer relationships, a substantial asset base and strong growth prospects.”
IAC is a market-leading aviation services company headquartered in Shannon, Ireland and Irvine, California. IAC specializes in aircraft painting, aviation technical services, aircraft interior refurbishment and aircraft graphic solutions for aircraft manufacturers, commercial airlines, leasing companies, air cargo carriers, governments and other owners of wide- and narrow-body aircraft. IAC also provides engineering services and asset management solutions to help customers ensure regulatory compliance through its Eirtech Aviation Services (“EAS”) division. For more information, visit www.iac.aero.
About Tiger Infrastructure Partners
Tiger Infrastructure Partners is an innovative private equity firm focused on providing transformational growth capital to middle market infrastructure companies. Tiger’s value-add approach targets growth investments across the Digital Infrastructure, Energy Transition and Transportation sectors in North America and Europe, where Tiger believes strong tailwinds are driving demand for new infrastructure. Tiger maintains offices in New York and London. For more information, visit www.tigerinfrastructure.com.
About WhiteHorse Capital
WhiteHorse Capital provides debt financing to middle market companies across a wide range of industries including Telecom, Media and Technology, Healthcare, Business Services and Financial Services. WhiteHorse has a broad investment mandate and provides senior and subordinated debt for refinancings, growth capital, acquisitions, buyouts, and balance sheet recapitalizations. WhiteHorse professionals, across the U.S. and Europe, have extensive experience and a proven track record of providing creative financing structures and employing a long term relationship oriented portfolio management philosophy. To learn more visit www.whitehorse.com.