The Beekman Group Recapitalizes Air Medical Leader REVA and Partner Directional Aviation
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.
Latest
The Importance of Legal Counsel to Major League Organizations
Live sporting events continue to be at the forefront of entertainment in America year after year. Between enthused fans, good food and drinks, and anticipation for record-breaking moments, the ambiance of a stadium on a game day is unmatched. However, behind the scenes of our beloved stadiums and sports traditions lies term sheets and contracts […]
The Divergence Between Stocks and Bonds & Emerging Market Trends
As the world of investing continues to evolve, it’s crucial for industry leaders to keep pace with the shifting landscape. One particular topic gaining traction is the divergence between stocks and bonds – an economic paradox affecting portfolios worldwide. Recent data shows that traditional investment strategies, like the 60-40 portfolio (60% in stocks and 40% […]
The Main Course: The Power of Restaurant Narrative in Staffing
Not every restaurant makes an effort to fully integrate its customer into the experience of eating and enjoying their food. But for those looking for a unique dining experience, plenty of such establishments present unique restaurant narratives. What sort of restaurants emphasize storytelling in their dining, and how do they handle staffing? On this […]
