Arcadea Group Acquires Complete Flight
Arcadea Group Acquires Complete Flight
The acquisition will see the marriage of Flight Vector and Complete Flight, forming the undisputed leader in aeromedical, utilities, and related mission-critical aviation end markets.
SIOUX FALLS, S.D. & HENDERSON, Nev. & ORLANDO, Fla.--(BUSINESS WIRE)--Complete Flight (the “Company”), a leading provider of Part 135 operational software solutions to the aeromedical sector, has been acquired by Arcadea Group, a long-hold, growth-oriented SaaS investor. As part of the transaction, Founder Bernie Berg will transition to the Chief Product Officer, with the two companies merging to form the clear market leader across the industry.
Founded by Bernie Berg in 2012, Complete Flight provides end-to-end solutions serving Part 135 operation control centers, communication centers, pilots, maintenance departments, and more. Complete Flight boasts features ranging from OCC dispatch, to weight and balance, pilot currencies, manifesting, duty logs, maintenance tracking, and more.
In conjunction with Flight Vector, the joint companies will represent the only end-to-end provider spanning the complete gamut of relevant solutions, from CAD to OCC to Maintenance and everything in between.
Paul Yancich, Managing Director of Arcadea, remarked: “Complete Flight joining forces with Flight Vector is a tremendous outcome for both companies as well as for the many shared customers. With over 50% organic growth and a “who’s who” list of customers, Complete Flight fits our stringent quality criteria exceptionally well. We are excited to share further news about our broader platform, which includes AirMaestro and Spidertracks, AvSight, and FlightLogger in the coming months.”
Bernie Berg had this to say about the acquisition: “Complete Flight has a long history of great relationships with our customers. The partnership with Arcadea and Flight Vector offers an outstanding path forward to continue and enhance those relationships.”
Scot Cromer, Founder of Flight Vector, further added, “This investment provides Complete Flight, its customers and team with a permanent home, something no other investor can offer. Further, it allows for the marriage of the industry’s two clear leaders. We are excited to provide enhanced and entirely new products and capabilities that previously were impossible with the businesses being separate entities.”
Daniel Eisen, Managing Director of Arcadea, stated, “Our aviation portfolio represents the highest-quality businesses in the industry. Arcadea’s mission is not to invest in the most companies but to partner with the best. Complete Flight, with over 50% growth and an exceptional product, is a perfect example of an Arcadea business.”
About Complete Flight
Established in 2012, Complete Flight is the leading Part 135 operations software extensively serving the air medical market as well as charter, forest management, and other industries. The wide suite of features offered by Complete Flight provides customers with an efficient one stop tool for all their operational needs.
About Flight Vector
Flight Vector is a leading provider of software solutions for the medical, public sector, and industrial air & ground transport markets. FV’s suite of software products provides users with powerful, customizable, and scalable solutions to meet their most complex needs in the rapidly changing dispatch, transport, and utility markets.
About Arcadea Group
Arcadea Group invests in high-quality, strongly growing, typically founder-led vertical software companies over durations of time that no traditional private equity or growth equity firm can match. With headquarters in Toronto and Orlando, and portfolio companies in North America, Europe, and Australasia, Arcadea maintains a global investment purview.
Contacts
Paul Yancich
Managing Director
yancich@arcadeagroup.com
www.arcadeagroup.com