APOC will use Egeria's investment to supplement its resolute narrow body airframe, engines and landing gear acquisition policy, spearhead a transformative global footprint, and position its comprehensive inventory of commercial spare parts at the forefront of the industry’s inevitable resurgence.
Founder and CEO Max Lutje Wooldrik retains his interest in the company, while current shareholder Antea and other investors sell their stake.
The CEO said: “I am delighted that APOC has attracted a significant investment from Egeria to support and accelerate the next phase of our exciting growth ambitions in coming years. The Company has achieved strong organic growth since its inception and is very well positioned to take advantage of the significant market opportunity available given its focus on reliability, speed and delivering an optimal service to its customers.
“We were already talking to Egeria before COVID-19 hit, there was a great connection and they were enthusiastic about our vision to become a $100 million company within the next few years. Even though the pandemic has delayed the process for a few months, we’re extremely proud that they have sustained real confidence in our performance and the belief in our future strategies to want to share our journey. This is a time of great opportunity in the aviation sector.
“Currently it is an energetic buyers’ market and with this significant investment and future backing from Egeria we are now well positioned to take advantage of the right assets to meet our strategic goals. Our next step is to re-visit our global footprint and we’re looking at global hubs for our stock in Asia and the US. It is our intention to open a base in Singapore before the end of the year to provide ever-faster access to our A320 family and B737 spare component capability as Asian operators get fleets flying again. We plan to follow with a US hub in Q1 2021.”
Egbert Prenger, partner at Egeria added: “We have been actively targeting the global aviation sector following our initial investment in MAAS Aviation in 2019 and were immediately attracted to APOC’s proprietary tech-enabled platform, strong industry relationships and reputation for excellent quality of service.
“Under Max Lutje Wooldrik’s leadership, APOC has realised impressive growth to date and a strong market position. We are excited to work with the team and support the Company’s strategic ambitions. We believe our long-term commitment to the aviation sector combined with the substantial financial backing enables APOC to realise their expansion plans over the coming years. The devotion of Max and the APOC team perfectly fits within our partnership model to enable companies to outperform within their respective industries over the long-term. We are looking forward to further investing in APOC after the transaction.”
