Denver, CO (August 1, 2015) - Headwaters MB announced that it advised Ravn Air Group (“Ravn”), the leading provider of regional air transportation and logistics services in Alaska, on its recapitalization by J.F. Lehman & Company.
"We are delighted to have facilitated this important ownership transition for certain Ravn shareholders and are excited to position the company for growth as it continues to enhance the critical services it provides to the people and businesses of Alaska,” said Ian Cookson, Managing Director at Headwaters MB.
Ravn Air Group's CEO Bob Hajdukovich added, “It was an absolute pleasure working with the professionals at Headwaters and I would highly recommend them to anyone. Thank you so much for the education, and ultimately the satisfaction of having a successful transaction. Now I know what an ‘investment bank of the year’ looks like."
The recapitalization was completed by J.F. Lehman & Company in partnership with W Capital Partners and the Hajdukovich family of Fairbanks, Alaska. Debt Financing was provided by BNP Paribas and KeyBanc Capital Markets. Terms of the transaction were not disclosed.
About Headwaters MB
Headwaters MB is an independent, middle market investment banking firm providing strategic merger and acquisition advice, capital raising and special situations advisory. Named "Investment Bank of the Year" by major organizations for its third consecutive year, Headwaters MB is headquartered in Denver, CO with seven regional offices across the United States and partnerships with 18 firms covering 30 countries. For more information, visit www.headwatersmb.com.
About Ravn Air Group
Ravn is the leading provider of regional air transportation and logistics services in Alaska. Headquartered in Anchorage and supported by nearly 850 employees, Ravn utilizes its fleet of over 70 aircraft to provide passenger, freight and charter air transportation services to over 100 destinations throughout Alaska. For more information, visit www.flyravn.com.
About J.F. Lehman & Company
J.F. Lehman & Company ("JFLCO"), is a leading middle-market private equity firm focused on the aerospace, defense and maritime sectors. For more information, visit www.jflehman.com.
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