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RedBird’s funding portfolio in non-public aviation, skilled sports activities, leisure and monetary companies offers a novel perspective on the Go Leases’ enterprise and its clients and distribution channels.
Logos graphic: Go Rental and Redbird / Canva
Go Leases has entered right into a definitive settlement with RedBird Capital Companions for a serious funding. Phrases of the transaction haven’t been disclosed.
“Go Leases is partnering with RedBird to embark on our subsequent stage of progress and take our enterprise to the following degree,” stated Kaye Gitibin, co-Founder and CEO at Go Leases, in a latest information launch. “RedBird is a world-class non-public fairness investor with an distinctive document of constructing business main companies and creating alternatives for entry and growth to adjoining luxurious markets.”
Go Leases Co-founder and President Kavous Gitibin added, “Combining Go Leases’ best-in-class 24/7 ‘automotive’cierge consumer companies, assured booked leases and premier luxurious car enterprise mannequin with RedBird’s platform experience in a broad set of buyer verticals, together with non-public aviation, media, sports activities, leisure and monetary companies, will allow Go Leases to additional speed up our market alternatives.”
Go Leases was based in Newport Seaside, California in 1995 with a fleet of seven automobiles and has grown to turn into a number one rental automotive supplier inside the non-public aviation market. The corporate is a number one proprietor and operator of high-end rental vehicles to sports activities, media and personal consumer clients in over 175 markets nationwide.
“Go Leases has constructed a robust, differentiated model with a premium fleet and is well-positioned for important progress throughout key markets in RedBird’s ecosystem,” stated Andrew Lauck, accomplice at RedBird. “RedBird’s funding portfolio in non-public aviation, skilled sports activities, leisure and monetary companies offers a novel perspective on the Go Leases’ enterprise and its clients and distribution channels.”
As a part of the settlement, the Gitibins will proceed to guide Go Leases with the present administration staff. Lauck and Alexander Blankfein, RedBird managing director, will be part of Go Leases’ board of administrators.
Predominant Road Advisors, a strategic funding accomplice of RedBird, participated within the funding in Go Leases alongside RedBird and can be instrumental in supporting extra media and sports activities sector progress alternatives.
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