Texas-based L2 Aviation, a provider of global avionics services including engineering, certification, installation, fleet modernisation and manufacturing, has received a strategic growth investment from Argentum, a founder-friendly growth equity firm that has helped B2B services and software companies accelerate organic growth and execute buy-and-build strategies for over 30 years. The investment will enable L2 Aviation to expand production capacity, broaden its capabilities and pursue strategic acquisitions to support growing demand for its solutions.

By leveraging its extensive intellectual property and expertise, L2 Aviation delivers engineering designs, STCs, assemblies, subsystems and turnkey integration kits that solve the highly complex technical and regulatory certification challenges of aftermarket avionics system modifications, installations and upgrades. L2 Aviation helps many of the world's leading OEMs, MROs, airlines, operators, and satellite and communications service providers shorten the time to market for new products, minimise aircraft downtime, adapt to evolving technologies, comply with regulations and maintain the value, airworthiness and mission-readiness of their fleets.

“As our valued customers and strategic partners have entrusted us with their mission-critical avionics needs, it's our responsibility to scale L2 Aviation's operations and technical capabilities to support their rapid growth,” says founder and CEO Mark Lebovitz. “Argentum's minority growth equity investment will enable L2 Aviation to accomplish this mission by adding production capacity and broadening our solutions through organic initiatives and acquisitions. With its founder-friendly track-record, hands-on approach to helping bootstrapped businesses execute buy-and-build strategies and extensive experience backing other providers of services and software to the aviation industry, we feel that Argentum is the ideal partner for L2 Aviation's next phase of growth.”

“Mark and his team have built L2 Aviation into a proven leader and key player in the avionics and aftermarket ecosystem, with a marquee client roster, stellar market reputation, highly respected team possessing deep industry experience and long history of impressive capital efficient growth,” says Daniel Raynor, cofounder and managing partner of Argentum, who will join L2 Aviation's board of directors in connection with the investment. “L2 Aviation is at an attractive inflection point with increasing momentum, a growing backlog and pipeline, and strong industry tailwinds.”

Chris Leong, partner at Argentum, adds: “We're looking forward to partnering with Mark and his team to expand L2 Aviation's production capacity and capabilities, originate and execute acquisitions and strategic initiatives, and accelerate the company's growth. We believe L2 Aviation is well-positioned to capitalise on the exciting opportunities in the aviation aftermarket that are being driven by the ageing fleet of aircraft, record air traffic volumes and increasing demand for next-generation avionics to support data-driven connected aircraft applications and use-cases.”