PROPRIETARY First Equity Copyright 2018 © First Equity Group, Inc. – 16 – First Aviation Services Inc. (FAvS) First Aviation Services Inc. (FAvS) Description First Aviation Services is a holding company that has owned five subsidiaries during its 23+ year history. Background First Aviation was formed in June 1995 to acquire National Airmotive Corporation (“NAC”), an engine repair and overhaul operation, from Triton Group, Ltd. which was emerging from bankruptcy. First Equity provided all of the equity in the transaction and Canyon Capital Partners provided mezzanine financing. In November of 1999, First Aviation sold NAC to Rolls-Royce plc. In 1997, First Aviation acquired Aerospace Products International (API), an aviation parts distributor, from AMR, the parent organization of American Airlines. In March 2013, First Aviation divested a controlling stake in API to Resilience Capital Partners.