Crescenda announces the acquisition of Hummingbird Aviation by its client, AV8 Holdings, LLC 

Minneapolis, Minnesota – Crescenda Merger & Acquisition Advisors ("Crescenda") announced today that its client, AV8 Holdings, LLC has acquired Hummingbird Ventures, LLC and Hummingbird Properties, LLC ("Hummingbird” or "the Company") from its owner, Christophe Cooper. Hummingbird is the only FAA-Approved pilot school In Minnesota to offer both fixed wing airplane and rotary wing helicopter training.

Founded in 2005, Hummingbird was formed to buy General Aviation Services, Inc. Chris Cooper owned and operated Hummingbird for over fourteen years as a professional, quality flight training school with an emphasis on safety and efficiency. According to Mr. Cooper, “I am very pleased to have sold to the outstanding management team of George Lichty and Dillon Washburn along with their financial partner, Ryan Kotula. I selected AV8 as our preferred partner due to their passion for flying, strong industry knowledge, best-in-class talent, and appreciation for Hummingbird’s culture. I look forward to helping with the transition to execute on our shared vision for the future and help AV8 reach its full potential.”

Partner and AV8 Vice President of Flight Operations, George Lichty agrees, “I am excited for what is to come. I look forward to delivering more value to more students and carrying on the tradition of superior flight training that has defined the business since I first joined Hummingbird [many] years ago."

Vice President of Business Operations who is also a partner, Dillon Washburn said, “We will build on our reputation of quality training by providing both FAA approved 141 structured courses and by providing FAA part 61 training.” He added, “I could not be more excited about this opportunity and the future growth of AV8 Flight School.”

AV8 President, Ryan Kotula, said, "AV8 is a market leader in a growing and attractive market, and with George and Dillon, we have an impressive track record of providing high quality flight training, I am excited to partner with this talented management team and offer my support through its next phase of growth.

The transaction was approved by the Metropolitan Airport Commission. Financial terms of the transaction were not disclosed. Crescenda Merger & Acquisition Advisors acted as financial advisor to AV8 Holdings in the transaction.

About Crescenda, LLC Crescenda Merger & Acquisition Advisors is an M & A intermediary and investment banking advisory firm specializing in representing successful, privately held businesses in the sale of their companies.

For more information, please contact:

Jim Odney Crescenda, LLC 515 Evergreen Ln N Plymouth, MN 55441 Ph: (763) 545-1886 jim@crescenda.com www.crescenda.com

Jamer Odney Crescenda, LLC 102 East 66th Street Kansas City, MO 64113 Ph: (816) 226-8493 jamer@crescenda.com www.crescenda.com