Leading Helicopter and Parts Manufacturer Receives ABL Financing for Growth
BizCap, a national commercial finance and advisory firm, announced it has successfully secured a $20 million credit facility for its client, Schweizer RSG, a leading manufacturer of helicopters and aviation industry parts supplier. The new ABL credit facility will be used to finance production, enabling Schweizer to meet the increased demand for its helicopters, repair services and spare parts.
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“We’re thrilled with the work BizCap conducted to secure this new debt facility for our growing company,” said David Horton, president & CEO of Schweizer. “The team at BizCap leveraged their market knowledge and expertise to deliver a solution that will enable us to execute on the next phase of our growth strategy,” added Horton.
Based in Fort Worth, Schweizer was founded in 2017 to continue manufacturing the Schweizer brand of helicopters and its spare parts. The Schweizer brand has a rich history of product success and customer loyalty dating back to 1956 and the first Hughes 269, the helicopter model that would later become a Schweizer. Since the first model’s inception, approximately 4,000 helicopters have been sold, with a strong global demand for continued maintenance and spare parts, both of which are provided by Schweizer in addition to new aircraft sales and overhauls.
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“The management team at Schweizer was a pleasure to work with,” said Chuck Doyle, president and CEO of BizCap. “Once we developed a deep understanding of their business and their strategic advantages in the aviation industry, we knew we could secure a financing solution to support their growth,” he added.
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