Private aviation safety risk management company Wyvern has been acquired by U.S.-based private investment firm Venturous Capital. The financial terms of the sale were not disclosed.
According to Wyvern, the deal assures the continuation of its current leadership and staffing levels, guarantees uninterrupted service to customers, and provides financial resources required for future strategic growth. Founded in 1991, the aviation safety-focused company moved to Boston-area Laurence G. Hanscom Field Airport in 2018 and subsequently expanded to include safety management system certification for non-commercial operators and MRO locations, as well as Part 135 charter providers. A company spokeswoman said future growth plans include progressive safety risk management for air charter and private aviation, as well as manned and unmanned operational auditing.
“We are excited about the recent acquisition by Venturous Capital, a U.S. investment firm that passionately supports our mission to elevate safety and security worldwide,” said Wyvern CEO Sonnie Bates. “Venturous is committed to providing Wyvern with all the necessary resources to achieve our goals.”
He further added that Venturous “fully approves” Wyvern’s strategic objectives in private and commercial aviation, as well as manned and unmanned aircraft systems. Bates also said the company’s new owner “embraces our core values of integrity, innovation, excellence, and positive relationships to achieve our vision that every operator has an effective safety management system.”