ATLANTA, GA (JULY 31, 2010) Konsortium Capital Partners announced today that Scott Beale, founder and former CEO of Flightworks, Inc. (“Flightworks”), has successfully sold his shares in the Company to the remaining Shareholders of Flightworks located in Atlanta, GA. Mr. Beale founded Flightworks in 1994 as an aircraft management, charter and maintenance (MRO) company. During his tenure as CEO, he grew the company into one of the largest aircraft management companies and providers of fixed wing air lift support to federal, state, and local governments in the US. Mr. Beale has announced that he plans raise upwards of $100 million in private equity capital for the purposes of acquiring aviation businesses focused on logistics, MRO, managed services, and technical services.
About Konsortium Capital PartnersKonsortium Capital Partners is a boutique corporate finance and advisory firm that structures and arranges debt & equity solutions for lower middle-market companies. With offices in Atlanta and New York, Konsortium’s clients typically have revenues less than $200 million, financing needs ranging from $5-$50 million and have capital needs that are for the purposes of growth, leveraged acquisitions/buyouts, refinancing, recapitalization and special situations. For more information on how Konsortium Capital Partners can help your company achieve its financing needs, please visit www.konsortiumcapital.com or contact Sean C. Boyd, Managing Director at 404.924.7102.
