ACTIVE AERO GROUP RECEIVES $27.5M IN FUNDING
Active Aero Group, an air cargo charter manager, said Wednesday it has received $27.5 million to fund continuing growth and retire its bank debt.
The investment was led by its current private equity partners: Berkshire Partners of Boston, Greenbriar Equity Group of Rye, New York, and members of Active Aero’s management.
“This new investment provides Active Aero with additional financial resources to continue delivering premium on-demand service to its customers,” said Brian Hermelin, president and co-chief executive officer of Active Aero.
Active Aero arranges immediate on-demand air cargo charters 24 hours a day year-round, through accessing the largest North American network of air cargo charter carriers, in addition to the fleet of 25 planes belonging to its carrier, USA Jet