Top Aces Inc., a world leader in airborne training, announced that it will receive a new investment in share capital from Clairvest Group Inc., its lead shareholder, the Caisse de dépôt et placement du Québec (CDPQ) and its other existing investors.
This financing will support Dorval, Que.-based Top Aces' international expansion, allowing it to acquire new aircraft to enhance and diversify its service.
“This investment provides major support for the growth of our airborne training services, particularly in rapidly-expanding international markets,” said Paul Bouchard, president and chief executive officer of Top Aces. “By joining our existing investment partners, CDPQ further solidifies a strong and long-term shareholding base that will enable Top Aces to take on new challenges in new countries.”
“Top Aces is a Quebec company recognized for the quality of its services and its unparalleled safety record within the air training sector,” said Charles Émond, executive vice-president, Québec, Private Equity and Strategic Planning, at CDPQ. “With this investment, Top Aces will pursue international growth and consolidate its leadership position within its industry.”