Private equity firm City+Ventures invests in Mente Group
Alasdair Whyte
28th April 2021, 5:00
You would not have expected it last year, but 2021 is set to see record investment into the business aviation industry. We have Signature going private and Wheels Up and Blade going public. Today, we saw a new target for investors – an aircraft brokerage and consulting firm.
Omaha private equity firm City+Ventures, is investing in Mente Group and forming a new company Aquila Aviation Ventures. This is thought to be the first time a private equity firm has invested in a brokerage.
City+Ventures already owns Millbrook Air, a management and charter company at Stewart International Airport in New York. This will also be merged into Aquila Aviation.