Aug 25, 2011
Ft. Lauderdale – GA Telesis, LLC ("GAT"), announced this week that it has entered into a definitive agreement with Mountain Capital Partners, LLC of Denver, Colorado (“MCP”), whereby, on September 1, 2011, the entire MCP team, led by Mark Fabian
, will merge into the current GA Telesis aircraft and engine sales and leasing group and Mr. Fabian will take responsibility for oversight and management of the group, reporting directly to the CEO, Abdol Moabery
. MCP, founded in 2005, specializes in originating and executing on aircraft and engine sale and lease transactions as well as operating an asset management platform for some of the world’s largest financial institutions. With over $1 billion in consummated transactions since inception, the MCP team has built one of the strongest origination and asset management teams in the commercial aviation industry. Legacy MCP assets and transactions will either be acquired by GAT or wound down over time.
“The Mountain Capital Partners team has an unprecedented track record for high quality aircraft and engine transactions.” stated Alvin Khoo
, Chief Investment Officer of GA Telesis. “The addition of their expertise to our existing platform will lead to exponential growth of our commercial aviation asset transaction activities, allowing GAT to take advantage of current market opportunities in commercial aviation. ” he added.
“The MCP team is excited about becoming a part of GA Telesis, a leading commercial aerospace services platform,” said Mark Fabian, President of Mountain Capital Partners. The integration of our team into the GA Telesis platform will allow us to enhance the capabilities of the existing group and positions us for rapid growth of the GA Telesis sales, leasing and asset management platforms.” he added.
Concurrently, GAT is in the process of selling five aircraft from its narrowbody fleet and is contracted to close on over $150 million in aircraft and jet engine acquisitions before the end of the year.
Source: GA TELESIS