Woodbridge, Va., September 23, 2013 – Momentum Aviation Group (MAG), U.S.-based premier provider of Aviation Training, Aerial Surveillance, and ISR Support and Training, announced that it has secured a private equity investment from Clairvest Group Inc. for a minority ownership interest.
Clairvest Group Inc. is a private equity investor which invests its own capital, and that of third parties, through the Clairvest Equity Partners (“CEP”) limited partnerships, in businesses that have the potential to generate superior returns.
“We look forward to the growth opportunities that our partnership with Clairvest will bring,” said Joe Fluet, CEO of Momentum Aviation Group. “The Clairvest team is comprised of world-class business pioneers who will be key in helping MAG reach its full potential as the most successful Aviation Training, Aerial Surveillance, and ISR Support provider in the world.”
Momentum Aviation Group (“MAG”) is a premier provider of Aviation Training, Aerial Surveillance, and ISR Support and Training. MAG is a privately held company founded and led by Chief Executive Officer Joseph E. Fluet III. In 2013, MAG became a private equity backed company with the addition of Clairvest as a minority partner. Headquartered in Woodbridge, Virginia, MAG has rapidly grown since its founding, all while earning a reputation for innovation, performance, and integrity. For more information, visit www.mag-ds.com.