OKLAHOMA
CITY, July 22, 2024 /PRNewswire/ -- Acorn Growth
Companies, a leading middle-market private equity firm specializing
in aerospace, defense, intelligence, and space, is excited to
announce its rebranding as Acorn Capital Management. This strategic
name change aligns with Acorn's continued growth and the
development of multiple capital deployment strategies.
The unveiling of Acorn Capital Management at the prestigious
Farnborough Air Show marks a pivotal moment in the firm's history.
For over twenty years, Acorn Growth Companies has been a trusted
partner, investing in and supporting companies that drive
innovation and excellence. As the firm continues to grow and
diversify its investment strategies, the new name symbolizes a
renewed focus on deploying capital in ways that address the
strategic needs of these industries.
"Today marks a significant milestone for Acorn," said
Rick Nagel, CEO and Managing
Partner. "This new name better represents our expanding vision
and our dedication to supporting investments in areas of strategic
importance. As Acorn continues to grow and develop innovative
strategies for capital deployment, we remain committed to
identifying and investing in opportunities that drive value and
long-term success in the sectors we serve."
Originally founded to provide early-stage capital, Acorn has
evolved into a robust middle-market private equity firm investing
in the aerospace sector. The recent launch of Acorn's private
credit fund, AltAero Aviation Finance, further solidifies Acorn's
commitment to diversifying its investment offerings and exploring
opportunities beyond the traditional fund structure.
AltAero leverages Acorn's extensive industry expertise and
strong relationships to provide tailored financing solutions to
companies operating in the aerospace sector. By filling the gap
left by traditional leasing companies, AltAero aims to support the
growth and development of businesses in this dynamic industry.
"AltAero enables Acorn to further support the aerospace industry
and provide innovative financing solutions," said Nagel. "By
expanding its investment offerings and exploring non-traditional
fund structures, Acorn is well-positioned to capitalize on emerging
opportunities and drive further growth in this dynamic sector."
Acorn has long been a leader in the aerospace and defense
industry. The company was the first of its kind invited to join the
Aerospace Industries Association (AIA). This prestigious membership
extended Acorn a seat on the Board of Governors, marking a
groundbreaking moment in AIA's 100-year history. Acorn is also the
first member of the financial community and a non-operator to serve
on the Executive Committee.
Acorn's inclusion brings a vital investor and capital
perspective to the boardroom, addressing a long-standing
underrepresentation of the financial sector in shaping policy and
aligning with the Department of Defense (DOD) perspective. AIA's
bold decision to integrate the financial community's voice
underscores its commitment to a more inclusive and comprehensive
approach to industry leadership and policy development.
"The need for the private sector to invest is stronger than
ever, and Acorn is answering that call," said Greg Agnew, Partner. "Our new name signifies
not just a rebranding, but a renewed dedication to our partners,
stakeholders, and the innovative companies we proudly support."
About Acorn Capital Management
Acorn Capital
Management is a middle-market private equity firm focused
exclusively on Aerospace, Defense, Space, and Intelligence. Acorn
invests solely in operating companies that strive to enhance global
mobility and protect national interests. Acorn has a formidable
reputation in the industry and is recognized for its deep
understanding of the Aerospace and Defense markets, with
proprietary access to the best companies within these sectors. With
operational expertise and its ability to lead and manage
investments through variable economic and industry cycles, Acorn
works in tandem with management to build its portfolio companies
into significant market leaders.
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SOURCE Acorn Capital Management