Graycliff Partners Announces Credit Investments in Accelalpha and First Class Air Holdings

Graycliff Partners LP announced it has closed investments in Accelalpha, a technology consulting firm focused on the implementation of Oracle products, and First Class Air Holdings (FCAH), an aftermarket parts distributor and service provider focused on the global cargo aviation industry.

Accelalpha through its team of consultants provides implementation, system integration, maintenance and managed services for market leading Oracle products. Headquartered in Bellevue, Washington, the company serves a range of blue-chip customers globally and is an Oracle Cloud Certified Partner. Graycliff’s subordinated debt and minority equity co-investment supported the acquisition of the company by Century Park Capital Partners, a Los Angeles, CA based private equity firm, along with its subsequent add-on acquisition of Prolog Partners.

FCAH is a worldwide distributor of more than 100,000 SKUs of new and overhauled aftermarket aircraft components, as well as a FAA and EASA certified repair station specializing in the maintenance, repair, and overhaul (MRO) of cargo loading system components. Headquartered in Louisville, Kentucky, customers are primarily cargo airlines, ranging from large domestic and global carriers to smaller regional airlines, with a niche focus on the freighter market. Graycliff’s term loan and minority equity co-investment supported the acquisition of the company by O2 Investment Partners, a Midwestern based private equity firm.

About Graycliff Partners LP

Graycliff Partners is an investment firm focused on making lower middle market investments. Through dedicated equity and credit funds, Graycliff provides capital for acquisitions, management buyouts, recapitalizations, growth and expansion.

Graycliff Partners’ dedicated credit platform manages over $650 million of committed capital and provides financing solutions to lower middle market companies with $3 million to $40 million of EBITDA.