“Chuck and his team at Business Capital were very professional and delivered as they promised. RSG’s financing situation was unique, BizCap found multiple lenders which allowed us to select the lender that was the best fit for our firm and situation. Business Capital’s knowledge of the marketplace was an excellent and invaluable resource in aiding our Company’s growth.” — Brian Nerney, CEO, Rotorcraft Services Group
Our Client, Rotorcraft Services Group, and its affiliated entities has been a market leader in providing maintenance, repair, overhaul, and helicopter retrofits for civilian and military customers, along with engineered helicopter subsystems for over 40 years. In the 1990’s, the Company was awarded its first customization contract. Since that time, the Company has produced more than 120 customized helicopters for 17 countries which generates follow-on engineering and maintenance revenues associated with each aircraft. Principal products include helicopters equipped for Search and Rescue (SAR) and Anti-Submarine Warfare (ASW).Collectively, RSG is an approved supplier for Aerospace OEMs worldwide, including Bell Helicopter, Leonardo, Airbus, Enstrom Helicopter Corporation, Hafei Aviation Industry Co., Helicopter Support Inc., L-3 Ocean Systems, L-3 Wescam, MD Helicopters, Sikorsky Global and Military Helicopters. It is best known for delivering complete solutions and leading-edge technologies to the aviation industry with over 50 years of combined experience in the VIP, Law Enforcement, Emergency Medical, Military and Specialty markets.
Our Client was seeking a working capital facility, primarily to finance the completion of two Bell 412 helicopters to fulfill a contract with the Kingdom of Morocco.