Updated: 6 days ago
ALEXANDER CITY, Ala., May 21, 2020 — Lowden Street Capital, a private equity firm focused on rural market investing, acquired Southern Air Custom Interiors, Inc., an upholstery company out of Haleyville, Ala. that focuses on custom aircraft interiors, on April 30, 2020.
Founded in 2017 by Matt Bean, Lowden Street Capital is a private equity firm currently raising its second fund. Lowden Street focuses on small business buyouts in rural communities, assisting small business owners with transitioning their businesses from one generation to the next by offering investing, consulting, and other strategic services.
Southern Air Custom Interiors, Inc. has been customizing aircraft interiors since 1992 and is well known within the industry for the quality of its craftsmanship. Led by two female furniture upholsterers, Southern Air has established itself as a premier aircraft interiors operation for Cessna, Gulfstream, and Mooney owners, among many other brands. Southern Air Custom Interiors plans to expand service offerings by offering aircraft maintenance and avionic services to meet the needs of its customers.
“I am excited to welcome Southern Air to the Lowden Street family—let’s take to the skies!” said Matt Bean, Lowden Street Capital Managing Partner. “I have been thoroughly impressed with their work on private aircraft, client mixture, and high ethical standards, and I look forward to working with their team to streamline processes, increase efficiencies, and expand sales channels.”
Mr. Bean went on to comment, “to support the addition of new sales channels, Southern Air intends to grow its staff by hiring for new technical jobs, which I find inspiring given the current complications facing the U.S. economy.”