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Crescent Growth Capital, LLC

Crescent Growth Capital, LLC

Structuring project financing to incorporate tax credit equity.

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MAAS Aviation Services
1891 9th Street, Mobile, AL
New Markets Tax Credits
Manufacturing
January 29, 2015

For over 30 years, MAAS Aviation has delivered world class standards in aircraft exterior refinishing to over 200 aircraft operators worldwide. MAAS Aviation also provides aircraft painting services to OEM manufacturers and is regarded as one of the leading aircraft painting companies in Europe with a reputation for high quality and reliability.

MAAS Aviation was recently selected by Airbus to be its contract provider of paint services for all new Airbus aircraft built on the Airbus Final Assembly Line Campus at the Brookley Aeroplex in Mobile.  MAAS’ operations at the Brookley Aeroplex also include a strategic partnership with ST Aerospace, the international leader in aircraft maintenance, repair and overhaul (“MRO”) services.

In October, 2014, MAAS engaged Crescent Growth Capital to help the Irish company attract, structure and close a New Markets Tax Credits financing to construct the first of two Airbus Paint Bays at Brookley Aeroplex.  In January, 2015, MAAS and CGC closed on a $10MM Federal NMTC funding, utilizing NMTC allocation provided by MuniStrategies, and NMTC equity and leverage debt provided by First NBC Bank.

The project will create 34 direct FTE jobs at a facility capable of painting all Airbus aircraft manufactured at Airbus’ $300 million Final Assembly Line. In addition, MAAS will also offer expert painting services to aircraft operators and to customers of the global leading aircraft maintenance service provider, ST Aerospace.  All employees will be offered extensive formal on?the?job training in accordance with both the company’s established training routines and the highest international standards.

 

1891 9th StreetMobile, AL 36615

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