New Heritage Capital invests in Flying Colours
Private equity firm New Heritage Capital has invested in Flying Colours, the Canadian privately owned aircraft maintenance and modification company.
Flying Colours will use the cash to grow its operations – including building new hangars, offering new services and by acquiring other businesses.
“With this capital boost we are well positioned to fulfil the next phase of our ambitious growth strategy,” said John Gillespie, president, Flying Colours. “We also look forward to working with their team to seek acquisition opportunities to accelerate our development and scalability across the global business aviation sector. We had been approached by several companies who were eager to invest, but Heritage’s extensive network and focus on growth, brings much more than just financial value to our new partnership.’
The size of the investment has not been disclosed.