Alberth Aviation Has Partnered with River Birch Partners for Future Growth

23.02.2024

HOUSTON, TEXAS (February 22, 2024) – Statesman Corporate Finance, LLC (“Statesman”) is pleased to announce the recapitalization of Alberth Aviation, Ltd. & Alberth Air Parts, Ltd. (collectively, “Alberth Aviation” and/or the “Company”) in partnership with River Birch Partners, LLC (“River Birch”), a New England-based private investment firm that specializes in assisting high quality middle-market companies and management teams accelerate strategic growth. Statesman served as the exclusive financial advisor to Alberth Aviation on this transaction which closed February 8th, 2024.

Alberth Aviation is a leading supplier of aircraft parts for outright sale and exchange serving the private aviation industry, as well as a manufacturer of ground support equipment and specialized aircraft maintenance tooling. The Company was founded in 1996 by Rudy and Wendy Alberth and has grown to be one of the most respected and dependable providers of exchange and replacement parts in the industry. Additionally, Alberth Aviation is known as a highly innovative designer and manufacturer of ground support equipment and tooling that improves the efficiency and safety of aircraft maintenance personnel.

The Alberth’s will continue to own a material equity position in the recapitalized business and Rudy Alberth will eventually transition into a strategic advisory role focused on profitable growth as the business brings in additional leadership staff to support expanded operations. Joining Alberth Aviation as President is Jim Sellers. Jim is a long-standing and well-respected industry executive with a track record of growth and performance improvement who will work alongside existing management in facilitating the Company’s growth objectives.

“We are very grateful to the outstanding team at Statesman that was introduced to us through a respected friend. We have been thoroughly impressed with the Statesman team’s professionalism; always organized and detailed, consistently keeping the project moving forward, and very personable, making them incredibly enjoyable to collaborate with on a complicated and detailed project. Statesman’s understanding of our company culture was instrumental in helping us select River Birch as the perfect fit to continue the success and growth of our company. It has truly been the best decision we could have made to have Statesman assist us with this project.” – Rudy and Wendy Alberth of Alberth Aviation.

About the other transaction participants 

Statesman Corporate Finance, LLC (Houston & Austin, TX) is the FINRA-licensed broker dealer affiliate of Statesman Business Advisors, LLC. With offices in Houston and Austin, Texas, Statesman is a leading middle-market investment banking firm providing merger and acquisition, capital formation, valuation, and other general corporate financial advisory services to middle-market companies. The Statesman team advising on this engagement included Will Jaco, Managing Member, Erik Konicki, Director, Peter Chiu, Director, Philip Rodriguez, Vice President and Sam Cancienne, Senior Analyst.

River Birch Partners, LLC (Portsmouth, NH) is a family office that invests its own capital to enable exceptional middle-market companies. They specialize in implementing strategic growth strategies, maximizing return on investments, supporting performance improvements, and fostering long-term success. They target various sectors such as aerospace, automotive, engineered industrial components, branded food, consumer packaged goods, industrial minerals, metals, building products, manufacturing, chemicals, packaging, business services, industrial services, distribution and logistics, rubber and plastics, and other outsourced business services.

Weycer, Kaplan, Pulaski & Zuber, P.C. (Houston, TX) provided legal counsel to Alberth, led by Shareholder Robert C. Beasley.

Verrill Dana LLP (Boston, MA) provided legal counsel to River Birch, led by Partner, Kevin J. O’Connell, and Associate Sam Tincher.

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