Trending...
- SURVEY: Consumers Are Ignoring Cybersecurity Risks Despite Identify Theft Concerns
- New Study Reveals Alarming Cardiac Risks Associated with Electroshock Treatment
- Grand opening of the ResC4EU platform to support companies withstanding supply chain disruptions
L2 Aviation achieves the next stage in its rapid strategic growth journey with key investment from Argentum.
AUSTIN, Texas - OhioPen -- L2 Aviation, a leading provider of global avionics services including engineering, certification, installation, fleet modernization, and manufacturing, announced today that it has received a strategic growth investment from Argentum, a founder-friendly growth equity firm that has helped B2B services and software companies accelerate organic growth and execute buy-and-build strategies for over 30 years. The investment will enable L2 Aviation to expand production capacity, broaden its capabilities, and pursue strategic acquisitions, to support growing demand for its solutions.
By leveraging its extensive intellectual property and expertise, L2 Aviation delivers engineering designs, supplemental type certificates (STCs), assemblies, subsystems, and turnkey integration kits that solve the highly complex technical and regulatory certification challenges of aftermarket avionics system modifications, installations, and upgrades. L2 Aviation helps many of the world's leading OEMs, MROs, airlines, operators, satellite and communications service providers shorten the time to market for new products, minimize aircraft downtime, adapt to evolving technologies, comply with regulations, and maintain the value, airworthiness, and mission-readiness of their fleets.
"As our valued customers and strategic partners have entrusted us with their mission-critical avionics needs, it's our responsibility to scale L2 Aviation's operations and technical capabilities to support their rapid growth," said Mark Lebovitz, Founder and CEO of L2 Aviation. "Argentum's minority growth equity investment will enable L2 Aviation to accomplish this mission by adding production capacity and broadening our solutions, through organic initiatives and acquisitions. With their founder-friendly track-record, hands-on approach to helping bootstrapped businesses execute buy-and-build strategies, and extensive experience backing other providers of services and software to the aviation industry, we feel that Argentum is the ideal partner for L2 Aviation's next phase of growth."
More on Ohio Pen
"Mark and his team have built L2 Aviation into a proven leader and key player in the avionics and aftermarket ecosystem, with a marquee client roster, stellar market reputation, highly respected team possessing deep industry experience, and long history of impressive capital efficient growth," said Daniel Raynor, Cofounder and Managing Partner of Argentum, who will join L2 Aviation's Board of Directors in connection with the investment. "L2 Aviation is at an attractive inflection point with increasing momentum, a growing backlog and pipeline, and strong industry tailwinds."
Chris Leong, Partner at Argentum added, "We're looking forward to partnering with Mark and his team to expand L2 Aviation's production capacity and capabilities, originate and execute acquisitions and strategic initiatives, and accelerate the company's growth. We believe L2 Aviation is well-positioned to capitalize on the exciting opportunities in the aviation aftermarket that are being driven by the aging fleet of aircraft, record air traffic volumes, and increasing demand for next-generation avionics to support data-driven connected aircraft applications and use-cases."
About L2 Aviation
L2 Aviation is a leading provider of global avionics and aircraft modification support services including engineering, system design, repair, certification, fleet modernization, kitting and installation for many of the world's leading Original Equipment Manufacturers (OEMs), airlines, governments, militaries, satellite and communications services providers, and business aviation operators. L2 Aviation specializes in complex avionics certified designs, supplemental type certificates (STCs), integrated solutions and remote installations focused on reducing downtime, mitigating crew workloads, and maintaining the value, airworthiness, and mission-readiness of fleets. L2 Aviation makes great airplanes BETTER! Learn more at www.l2aviation.com.
More on Ohio Pen
About Argentum
Argentum is a New York-based growth equity firm that helps scale bootstrapped and capital-efficient B2B software, technology-enabled and business services companies. The firm provides capital to accelerate growth, fund acquisitions / buy-and-build strategies, and / or generate shareholder liquidity, and plays an active role originating add-on acquisitions, partnerships, and other strategic value creation initiatives for its portfolio companies. Over its 30+ year history, Argentum has invested in over 100 companies, supported more than 200 add-on acquisitions, been named to Inc's list of Top Founder Friendly Investors for multiple years, and received the U.S. SBA's SBIC of the Year award. Learn more at www.argentumgroup.com.
By leveraging its extensive intellectual property and expertise, L2 Aviation delivers engineering designs, supplemental type certificates (STCs), assemblies, subsystems, and turnkey integration kits that solve the highly complex technical and regulatory certification challenges of aftermarket avionics system modifications, installations, and upgrades. L2 Aviation helps many of the world's leading OEMs, MROs, airlines, operators, satellite and communications service providers shorten the time to market for new products, minimize aircraft downtime, adapt to evolving technologies, comply with regulations, and maintain the value, airworthiness, and mission-readiness of their fleets.
"As our valued customers and strategic partners have entrusted us with their mission-critical avionics needs, it's our responsibility to scale L2 Aviation's operations and technical capabilities to support their rapid growth," said Mark Lebovitz, Founder and CEO of L2 Aviation. "Argentum's minority growth equity investment will enable L2 Aviation to accomplish this mission by adding production capacity and broadening our solutions, through organic initiatives and acquisitions. With their founder-friendly track-record, hands-on approach to helping bootstrapped businesses execute buy-and-build strategies, and extensive experience backing other providers of services and software to the aviation industry, we feel that Argentum is the ideal partner for L2 Aviation's next phase of growth."
More on Ohio Pen
- Ohio Fire Suppression Company Discusses Fire Suppression System Monitoring
- Scout & Cellar Becomes First Winery in Texas to Receive B Corp Certification
- AltShift WP Launches Affordable Dynamic SEO Service
- CRH Healthcare Acquires Four Urgent Care Clinics in Georgia
- Remote Monitoring for Noise & Vibration During Hospital Demolition
"Mark and his team have built L2 Aviation into a proven leader and key player in the avionics and aftermarket ecosystem, with a marquee client roster, stellar market reputation, highly respected team possessing deep industry experience, and long history of impressive capital efficient growth," said Daniel Raynor, Cofounder and Managing Partner of Argentum, who will join L2 Aviation's Board of Directors in connection with the investment. "L2 Aviation is at an attractive inflection point with increasing momentum, a growing backlog and pipeline, and strong industry tailwinds."
Chris Leong, Partner at Argentum added, "We're looking forward to partnering with Mark and his team to expand L2 Aviation's production capacity and capabilities, originate and execute acquisitions and strategic initiatives, and accelerate the company's growth. We believe L2 Aviation is well-positioned to capitalize on the exciting opportunities in the aviation aftermarket that are being driven by the aging fleet of aircraft, record air traffic volumes, and increasing demand for next-generation avionics to support data-driven connected aircraft applications and use-cases."
About L2 Aviation
L2 Aviation is a leading provider of global avionics and aircraft modification support services including engineering, system design, repair, certification, fleet modernization, kitting and installation for many of the world's leading Original Equipment Manufacturers (OEMs), airlines, governments, militaries, satellite and communications services providers, and business aviation operators. L2 Aviation specializes in complex avionics certified designs, supplemental type certificates (STCs), integrated solutions and remote installations focused on reducing downtime, mitigating crew workloads, and maintaining the value, airworthiness, and mission-readiness of fleets. L2 Aviation makes great airplanes BETTER! Learn more at www.l2aviation.com.
More on Ohio Pen
- Donatos Pizza Named One of the Most Profitable Franchises of 2024 by Franchise Business Review
- eCaregivers Launches First-Ever Consumer-Driven Senior Care Platform for Private-Pay Home Care Offering Affordable, Full-Service Agency Experience
- Arthur J. Gallagher & Co. Acquires Risk International
- Sidow Sobrino's My Amir in the Running for GRAMMY® Nominations
- Civista Bancshares, Inc. Announces Third Quarter 2024 Earnings Release Date
About Argentum
Argentum is a New York-based growth equity firm that helps scale bootstrapped and capital-efficient B2B software, technology-enabled and business services companies. The firm provides capital to accelerate growth, fund acquisitions / buy-and-build strategies, and / or generate shareholder liquidity, and plays an active role originating add-on acquisitions, partnerships, and other strategic value creation initiatives for its portfolio companies. Over its 30+ year history, Argentum has invested in over 100 companies, supported more than 200 add-on acquisitions, been named to Inc's list of Top Founder Friendly Investors for multiple years, and received the U.S. SBA's SBIC of the Year award. Learn more at www.argentumgroup.com.
Source: L2 Aviation
Filed Under: Business
0 Comments
Latest on Ohio Pen
- Decorated Ohio Medicare Advisor Ranked # 1 and "Best-Choice" In Two Major Ohio Cities
- And The Winner Is: Special Request Ft Rey T (AKA) Reynard Thomas
- Allegiant Management Group Launches New Website Following Recent Rebranding
- How We Feel "Make It Out Alive" Debut Single
- Celebrating 30 Years: 2024 Diversity Visa Lottery Opens Oct. 2, Offering Life-Changing Opportunities for U.S. Immigration
- Quidax Launches $125,000 Crypto Innovation Pitch, Partners with Moonshot for TC Battlefield
- Wagoner Roofing Launches New Website
- Sila Services Further Expands Its Rapidly Growing Midwest Region - Announces Partnership with A to Z Dependable Services in Ohio
- L-Strategies LLC terminates Angie Wong Miami Republican Committeewoman's contract with New Federal State of China NFSC
- Sara Abbas Excites Global Listeners With Much-Anticipated Viral Release Of New Single "Love You From A Distance"
- Horion M6APro Series IFPs Achieves Google EDLA Certification
- How to Get a Handicap Placard in California: Simplifying the Process for Disabled Drivers HandicapMD.com Offers Easy Online Certification for Disabled
- Use Bitcoin to Earn Bitcoin - Innovative Layer 2 Solution for Bitcoin
- Dr Joy Dental Clinic Recognized as a Superbrand for 2024
- T&S Communications at the 25th China International Optoelectronic Exposition (CIOE)
- Bridge Industries Announces TransTech Group's Acquisition of Cryogenic Technology Resources (CTR) to Expand Technical Capabilities, Product Reach, and Manufacturing Footprint
- Cummings Graduate Institute for Behavioral Health Studies Celebrates New Doctor of Behavioral Health Graduates
- RENEWABLE LAND ACQUIRES 435 ACRES IN OHIO LEASED TO SOLAR FARM
- Local Provider Roadrunner Health Services Outperforms Corporate Competitors in New Mexico's Correctional Facilities
- Loc Performance Achieves Milestone of Producing a Quarter Million Ag Tracks