An affiliate of New York equity firm Beekman Investment Partners recently completed recapitalizations of REVA, Inc., the globe’s largest fixed wing air medical platform, and its partner, Directional Aviation, LLC.
Goldman Sachs Specialty Lending Group is operating as lender. REVA’s current management will stay at the helm and will maintain a significant stake in the company.
With locations in Florida, Puerto Rico, Arizona, and New York, REVA has rapidly become a world market leader in air medical transport since its founding in 2012. Beekman notes that they’ve been impressed with REVA doubling its revenue and tripling EBITDA all on their own. REVA’s reinvestment into their fleet of 20 aircraft as well as maintenance, tech development and more was also impressive.
Strategic partner, Directional, operates nine brands across the aviation industry. Leaders at Directional are thrilled to work alongside REVA as the company moves into a new corporate era.
Executives from both partners are grateful for Beekman’s ongoing support that continues REVA’s mission of providing world-class patient care.