Ascent Aviation Services Sold To Private Equity Firm

Ascent Aviation Services has been sold by asset management firm Victory Park Capital to LongueVue Capital Partners II, a New Orleans-based private equity fund. The terms of the transaction were not disclosed. Victory Park has held a stake in Ascent since December 2007. Ascent specialises in narrowbody MRO, and performs heavy and line maintenance services, aircraft modification, transition and refurbishment work, aircraft storage and reclamation services, and consigned part sales.

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