Azalea Capital is pleased to announce The Azalea Fund IV, L.P.’s recent investment in ACL Airshop in partnership with Steve Townes of Ranger Aerospace. The existing management team at ACL will continue to pursue their global growth initiatives led by Tony Morgan, CEO. To complete the transaction, Azalea invested alongside Argosy Private Equity, Balance Point Capital Partners, and ORIX Mezzanine & Private Equity.
Founded in 1983, ACL Airshop manufactures air cargo nets, straps and assemblies and sells, leases and repairs air cargo unit loading devices (“ULDs”). ULDs are broadly defined as any platform used to facilitate the movement of air cargo. ACL maintains the industry’s largest fleet of ULDs available for one way, short-term and long-term lease. The Company is headquartered in Easley, SC and has more than 30 locations in 18 countries around the world.
ACL’s growth plans include adding strategic locations around the world to penetrate new markets and to service existing customers. Narita International Airport in Japan is scheduled to be the first new location under this expansion plan. Another growth initiative will be the continued development of ACL’s leading ULD management software (“ULD Control”) which allows customers to better manage their existing fleets while deepening their relationship with the Company.
For more information about Azalea Capital, please contact Ben Wallace, Director of Business Development, at (864) 235-0201 or firstname.lastname@example.org.