AVON, CONNECTICUT – JULY 15, 2024 – Ironwood Capital is pleased to announce its subordinated debt and minority equity investments in Certified Aviation Services, LLC (“CAS” or the “Company”). CAS is a provider of Maintenance, Repair, and Overhaul (MRO) services for aircraft fleet operators, lessors, OEMs, and insurance providers.

CAS offers MRO services through three business segments: Line Maintenance, Go-Team Repairs, and Hangar Modifications. Line Maintenance services include routine maintenance between flights such as minor component replacements and instrument calibrations. Meanwhile, the Go-Team provides damage/remediation rapid response services for Aircraft on Ground events globally. The Hangar Modification segment performs aircraft modifications via the Company’s dedicated hangar at the Birmingham airport. Industry veteran and current CEO Brad Caban will continue to lead CAS. 

“Through its geographic reach, skilled technicians and breadth of services, CAS is extremely well positioned to support the growing maintenance demands of both commercial and cargo carriers,” stated Ironwood Capital Partner Jim Barra. Ironwood Capital Senior Associate, Zachary Leach, added “We’re excited to partner with Brad and the entire CAS team to support the Company’s next phase of growth.” 

About Certified Aviation Services, LLC 

Headquartered in Ontario, California, CAS provides MRO services primarily to aircraft operators including both international and domestic airlines, cargo carriers, equipment lessors, and OEMs. For additional information, please visit: certifiedaviation.com. 

About Ironwood Capital

Over 20 Years of Middle Market Investing

Ironwood Capital provides non-control junior capital to middle market companies across the U.S. The firm has invested more than $1 billion in over 100 companies since 2001 and currently invests subordinated debt and minority equity in amounts ranging from $10 million to $40 million. Ironwood’s investments support business owners and financial sponsors in growth financings, recapitalizations, generational transitions and buyouts. For more information, please visit: ironwoodcap.com.

Media Contacts

Carolyn C. Galiette

Partner, President, CIO

galiette@ironwoodcap.com