Baird Capital Invests in eCube
A Leading Aircraft Disassembly and End of Life Services Provider
LONDON, 20 August, 2020 – Baird Capital, the direct investment arm of Baird, announced today that it has acquired an interest in eCube Solutions Limited (“eCube”). eCube is a leading provider of storage, disassembly and parts re-use and recycling services to global aircraft owners in Europe, the Middle East and Asia, including major airlines and aircraft leasing companies. Baird Capital’s James Benfield and Andrew Dyer will join the eCube board of directors.
eCube’s primary operations and headquarters are in St. Athan, Wales, with a second parking and disassembly facility in Castellón, Spain. Over the past decade, the company has grown rapidly as a leader in accuracy, turn-around and innovation alongside the high levels of service the company provides its longstanding and loyal customer base.
The investment will support the continued growth of the UK business alongside supporting rapid growth in its new continental European facility, expanding parking availability and additional disassembly capacity. Supported by Baird Capital’s global platform, the business also plans to expand into North America, the world’s largest disassembly market.
“We are delighted to bring eCube into Baird Capital’s portfolio. Its position as a leader in its rapidly growing market makes it a great fit for our industrial portfolio. In addition, our global platform and in-country operating resources are a great match with their aspirations to expand into the US and Asian markets,” said James Benfield, Baird Capital Partner and Managing Director.
Tim Schmidt, eCube CEO, commented, “We are excited to work alongside Baird Capital. Their culture is a strong fit with eCube, and their industrial expertise, network and global resources will be invaluable as we focus on driving future innovation and growth.”
Baird Capital was advised by Eversheds Sutherland (Legal), Grant Thornton (Financial and Tax Diligence) and CIL Management Consultants (Commercial Diligence).
The shareholders of eCube Solutions Limited were advised by Steen Associates (M&A), Squire Patton Boggs (Legal) and Mazars (Tax).
About eCube Solutions
eCube Solutions provides expertise in a range of core services, to deliver customer-focused solutions for global aircraft owners and operators, enabling them to protect their asset values, respond to market opportunities, and ultimately maximise the return from their assets. Core services include aircraft part out and disposal, parking, customs management, crating fabrication and parts storage in both UK and Spain.
About Baird Capital
Baird Capital makes venture capital, growth equity and private equity investments in strategically targeted sectors around the world. Having invested in more than 310 companies over its history, Baird Capital partners with entrepreneurs and, leveraging its executive networks, strives to build exceptional companies. Baird Capital provides operational support to its portfolio companies through teams on the ground in the United States, Europe and Asia, a proactive portfolio operations team and a deep network of relationships, which together strive to deliver enhanced shareholder value. Baird Capital is the direct private investment arm of Robert W. Baird & Co. For more information, please visit BairdCapital.com.
Baird Capital Partners Europe Limited is authorised and regulated in the United Kingdom by the Financial Conduct Authority.