£5m finance package will be used to help the company increase market share
London, 07 December, 2012: GE Capital today announces that it will provide Stag Group, a leading international supplier of aviation equipment, with a £5m finance package to support its future growth aspirations.
The group, which is based in Walton on Thames, includes companies which specialises in the supply of spare parts, fasteners and interior components to the aviation and defence industries. It currently has operations in the UK, France and the USA.
GE Capital worked with Stag Group on its recent acquisition of Flitetec Limited. The new package that it will provide will be used to support the group's growth strategy as it aims to increase its share of the market.
Colin Davis, Managing Director, Stag Group commented on the deal: "It was important for us to find a partner who had the capability to support our ambitions, but also an understanding of our business and the wider industry. In GE Capital, we found just that. Alan and the team used their deep sector knowledge and understanding of our business to provide the right solution that is tailor-made for us."
Alan Austin, Director of Business Development at GE Capital, said: "Stag Group was looking for a partner who could meet its long term aspirations by providing a financing package that was flexible and responsive to its changing needs. We're delighted that we have been able to put together a package that meets these needs and that will allow the company to achieve its true growth potential."
Zoe Chambers Tom Steiner
[email protected]
GE Capital EMEA
[email protected]
+44-(0)-208-185-2494
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