Maverick Helicopter Scoops Up $2.5M
LAS VEGAS, NV, Advantage Capital today announced a $2.5 million investment in aviation service company, Maverick Helicopter.
The investment will help the company weather the economic downturn attributed to COVID-19 and retain nearly 300 Nevada employees.
Maverick Helicopters was founded by veteran Gregg Rochna in 1995 with one helicopter and has since grown to one of the largest aviation-based tourism companies in the world with 47 helicopters and five airplanes.
"There is a lot of uncertainty in the economy right now, but this investment has provided the stability we needed to get over this hurdle, keep our people working, and position our company for continued growth," said Gregg Rochna. "We have hit our stride over the past five years in terms of growth and I'm excited to keep the momentum going."
The funding for this investment was made in connection with the Nevada New Markets Jobs act, which was passed by the state legislature in 2013 and renewed in 2019 to help businesses in low-income areas across the state gain access to investment capital and create good jobs for Nevada residents.
"I am so glad to see the Nevada NMTC program at work, doing exactly what it is intended to do-supporting businesses in distressed areas and helping to retain good, quality jobs here in Nevada. The economy has really taken a hit in recent times, and these are the kinds of programs that will help small businesses get the financing they need to get us on the path to recovery," said Assemblywoman, Dina Neal.
"Advantage Capital has a long history of investing in businesses across Nevada. Our investments' focus has always been on helping underserved communities through business growth, and ensuring people have access to good quality jobs," said Al Alvarez of Advantage Capital. "We are excited to provide the additional working capital that Maverick needs for continued growth."
This financing is part of a larger $7.5 million investment made as part of a new initiative, the Silver State Growth Capital Initiative, which backs growth-focused Nevada-based entrepreneurs and operators.
About Advantage Capital
Advantage Capital provides financing to established and emerging companies located in communities underserved by conventional sources of capital. Since 1992, the firm has invested more than $3 billion in companies from a diverse array of industry sectors and has helped support more than 50,000 jobs. Learn more at www.advantagecap.com, or via Twitter or LinkedIn.
About Maverick Helicopters
Maverick Helicopters, one of the largest aviation-based tourism companies in the world, was founded in 1995 by an entrepreneurial couple with one helicopter and a vision to create a company that would provide a true VIP-level experience not previously offered in the helicopter industry.
The Silver State Growth Capital Initiative includes Advantage capital entity MidWest Community Development Fund XIII as well as other Nevada & Federal New Markets Tax Credit Allocatees.
Advantage Capital is an investment adviser registered under the Investment Advisers Act of 1940. Registration does not imply a certain level of skill or training. The information in this document is not intended to be an advertisement concerning investment advisory services or an offer to sell or a solicitation of an offer to purchase an interest in any security. Advantage Capital is an equal opportunity provider.
The investments and portfolio companies referenced in this document represent only a sample of companies that have received investment capital from Advantage Capital-related entities. For a complete list of such companies, please see our website at advantagecap.com. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities highlighted herein or contained in any other information provided by Advantage Capital. Past performance is no guarantee of future results.
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