BizCap Facilitates $60MM in Financing for AvAir

BizCap structured and secured $60 million in financing for AvAir, an aviation aftermarket supplier that provides components to a variety of commercial passenger and cargo aircraft operators.

The financing consists of an expanded inventory-based credit facility, which will provide AvAir with additional working capital, which the company will use to take advantage of increased growth opportunities while also expanding operating margins and optimizing its balance sheet.

“The team at BizCap was a pleasure to work with and delivered a financing option that fits AvAir’s current needs perfectly,” Mike Bianco, CEO of AvAir, said.

AvAir, founded in 2000, was recently named 2021 Parts Supplier of the Year by Airline Economics, in addition to appearing on Inc.’s 2021 “Best in Business” and Phoenix Business Journal’s Arizona Corporate Excellence Awards’ “Top 50 Private Companies” lists. Today, the company supports nearly 3,000 customers across 120 countries.

“Through our process, BizCap identified several highly intelligent capital providers who had experience in aviation. Each were intrigued by AvAir’s proven, modern business model and superior management team,” Chuck Doyle, president and CEO of BizCap, said. “The process was incredibly competitive, resulting in the perfect match of a sophisticated commercial borrower and an intelligent capital provider. AvAir is the premium strategic solution for the worldwide aviation aftermarket and Mike Bianco is the best CEO in the business.”