Victory Park Capital sheds Ascent Aviation Services

Asset-management firm Victory Park Capital has sold its portfolio company Ascent Aviation Services to New Orleans-based private equity firm LongueVue Capital Partners II. The terms of the deal were not made public.

Ascent Aviation Services is a Tucson, Ariz. aircraft maintenance, repair and overhaul service provider that specializes in single-aisle aircraft. Ascent performs heavy and line maintenance services, aircraft modification, transition and refurbishment work, aircraft storage and reclamation services, and consigned part sales.