Acquisition Advisors Completes QAA Recap

Acquisition Advisors completes the recapitalization of Quality Aircraft Accessories Inc., a FAA licensed repair station and accessory parts supplier to the general aviation industry.
Acquisition Advisors declined to reveal financial terms.
“In this transaction, the equity came from Hastings Equity Partners out of Boston,” said David Perkins, Acquisition Advisors managing director. “Hastings Equity Partners was selected from a pool of more than 100 equity investor candidates procured by Acquisition Advisors.”
Owners Justin and Lorie Hicks, who founded QAA in 1999, retain an equity stake and will continue to be involved in operations.
The new debt was provided by Chicago-based MFC Capital Funding, Perkins said.

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