US firm acquires flight services marketplace RocketRoute
Texas-based holding firm AFV Partners has acquired UK-based SaaS firm RocketRoute.
The firm provides flight route planning and flight plan submissions to aviation authorities around the world through its platform, which serves the commercial, business, air rescue and military aviation markets. It is based at the TAG Farnborough Airport in Hampshire.
The terms of the purchase from Alyssum Holdings Limited were not disclosed.
RocketRoute was co-founded in 2010 by Uwe Nitsche and Justin Coelho. Nitsche and Coelho will continue in their leadership roles under AFV Partners’ ownership.
Tony Aquila is Founder, Chairman and CEO of AFV Partners, which was formed in 2019 as a long-term permanent capital investor.
In January, Aquila’s AFV Partners acquired Aircraft Performance Group (“APG”), a leading global provider of proprietary aircraft performance, weight and balance, and flight planning software solutions.
On the acquisition of RocketRoute, Aquila said, “We had an immediate connection with Uwe and Justin and hold a high regard for what they have built. As part of our global mobility platform, adding a leader in flight planning is a key cornerstone and expands our product capabilities globally and across all end markets.
“We will leverage APG and RocketRoute’s core offerings to create a seamlessly-integrated weight and balance, runway analysis, flight-planning and services platform for the global aviation market. Bringing APG and RocketRoute together demonstrates our commitment to continuous innovation and furthers both companies’ visions by creating a global market leader.”
RocketRoute’s CEO Nitsche added: “We are very excited to work with Tony and the AFV Partners team and to benefit from their collective technical expertise, synergies and geographical reach as we strive to become a key contributor to their global mobility platform.”
RocketRoute Chief Commercial Officer, Coelho added, “I have been very impressed by the speed and accuracy of the AFV Partners team in getting this deal done and their expertise and vision for the space. Relative to the other parties we interacted with during our sale process, AFV Partners was the most logical and complimentary fit for RocketRoute. We have now been liberated to execute on our long-term vision.”