Granite Creek Capital Partners, a Chicago-based private equity firm, has made an investment in Odyssey Aviation U.S., a fixed-based operator providing fuel, hangar rental, aircraft de-icing, and other services to private customers and air cargo operators in Kissimmee, Fla., and Ypsilanti, Mich.
The investment supports a recapitalization of Odyssey with Equivi Capital, the investment arm of Odyssey CEO Salvatore Calvino, becoming the majority shareholder of the company. Odyssey hopes that Granite Creek’s investment will help strengthen the company’s existing service offerings, support the growth of the operating team, and facilitate the company’s expansion. Granite Creek partners Mark Radzik and Jim Clark will join Odyssey’s board of directors.
“We are thrilled to partner with Odyssey’s world-class management team and look forward to supporting the company as it executes its strategic plan,” says Radzik. “Odyssey’s dogged focus on providing an exemplary customer experience, its sterling reputation, and its broad-based established platform position the company well for continued growth and success.”