Chart Capital Partners Completes Recapitalization of ATAC

Chart Capital Partners Completes Investment in Airborne Tactical Advantage Company (ATAC)

New York, NY, November 02, 2011 --( Chart Capital Partners, a private equity firm based in New York City, today announced that it had completed an investment in Airborne Tactical Advantage Company (ATAC) to recapitalize the company and provide funding for growth. Headquartered in Newport News, VA, ATAC provides tactical airborne training services to the US Department of Defense and foreign allied governments via its fleet of more than 20 subsonic and supersonic fighter aircraft and its staff of elite military-trained pilots. The Company has existing operations in Virginia, Nevada, California, Hawaii and Japan. ATAC’s core capabilities include adversary air combat simulation (REDAIR), advanced electronic attack and threat simulation for US Navy ship and air crews, joint terminal attack controller (JTAC) training and research & development. The Company delivers high quality, realistic threat simulation to enhance pilot combat readiness at a substantial cost savings to the DoD (vs. indigenous military-on-military training) while preserving the useful life of valuable combat aircraft assets.

David Collier, Managing Director of Chart Capital Partners, stated, “ATAC’s value proposition provides a compelling thesis for investing in the defense sector in the current DoD funding environment. Jeffrey Parker has built a best-in-class platform with an exceptional team of pilots and personnel. We are thrilled to partner with the ATAC team to leverage the Company’s track record of success to pursue attractive opportunities both here in the US and overseas.”

Jeffrey Parker, ATAC’s President & CEO added, “ATAC has built its reputation with the DoD over the last 17 years through integrity and relentless commitment to the customer’s mission. We sought out a financial partner that adhered to these same standards and who could bring more to the table than growth capital alone. Chart Capital’s experience and network of relationships in the aerospace, defense and security sectors will prove invaluable to ATAC’s continued growth in this dynamic industry climate.”

THL Credit (NASDAQ: TCRD), headquartered in Boston, MA, provided debt financing for the transaction.

About Chart Capital
Based in New York, NY, Chart Capital Partners (CCP) is a private equity firm specializing in buyouts and growth equity investments in middle market firms. CCP focuses on opportunities where it can partner with experienced management teams to acquire high quality companies with established and profitable market positions and build value through growth-oriented strategies. Chart Capital’s representative investments in the defense & government sector include MTN/Seamobile, a leading provider of satellite and telecommunications solutions to the defense, government, maritime and oil & gas industries; and EOTech, which designs, manufactures and distributes best-in-class holographic gun sights for the military and law enforcement markets.

For information about this transaction, please contact Geoff Nattans at (212) 350-8200.

Chart Capital Partners
Geoff Nattans