Organizational training firm Eagle’s Flight of Guelph receives $2 million from BDC Capital to finance growth
Guelph and London, February 10, 2020—Eagle’s Flight, which is headquartered in Guelph, Ontario, recently received two million dollars in non-dilutive growth financing from BDC Capital’s Growth & Transition Capital division. Eagle’s Flight designs and produces highly engaging and memorable experiential learning sessions intended to support change efforts within organizations. It was founded in 1988 by Phil Geldart, a thought leader in the field who has authored several books on the subject. Eagle’s Flight delivers its programs directly to blue chip clients across North America as well as through licence agreements in 35 countries. Its materials are available in 20 languages.
The company invested significantly in its global expansion over the past few years and is currently poised to secure large-scale contracts which will require the hiring of new staff. BDC Capital’s funds will namely support the execution of these new contracts. The financing takes the form of a patient and flexible mezzanine loan which defers the repayment of a large portion of the capital to the maturity date. This is the fourth financing of the company by BDC Capital’s Growth & Transition Capital team since 2006.
“As a partnership-oriented company, we couldn’t have been more impressed with BDC Capital’s commitment and attention to our company’s needs,” says Phil Geldart, Founder and CEO of Eagle’s Flight. “They took the time to really understand our business, and so could provide the kind of help that made a significant difference. We greatly appreciated their guidance and support, and as such would highly recommend them to other organizations.”
The transaction was led by Mark Lunick, Director, Growth & Transition Capital for Southwestern Ontario. “Over our 14-year relationship with Eagle’s Flight, we’ve been impressed with how the company has been able to remain strongly competitive in the organizational training field thanks to its constantly refreshed and leading-edge offering,” declares Lunick. “Under Phil Geldart’s inspired leadership and with the support of a strong management team, Eagle’s Flight has experienced considerable international expansion during that period, and we see this momentum continuing in the years to come.”
About Eagle’s Flight
Eagle’s Flight is an innovative leader in the development and delivery of practical training programs for the global business community. Through experiential learning, they give organizations of all sizes a competitive edge by significantly strengthening their workforce through lasting behavior change. Founded in 1988 , their offerings include skill-based programs, corporate events, leadership training, and culture transformations. Globally, their programs are offered in 20 languages and represented by international licensees in 35 countries. This global network allows Eagle’s Flight to seamlessly work with large, multinational companies and provide them with consistent training messages, methods, and solutions regardless of geography.
About BDC Capital
BDC Capital is the investment arm of BDC—Canada’s only bank devoted exclusively to entrepreneurs. With more than $3 billion under management, BDC Capital serves as a strategic partner to the country’s most innovative firms. It offers a full spectrum of risk capital, from seed investments to transition capital, supporting Canadian entrepreneurs who wish to scale their businesses into global champions. Visit bdc.ca/capital.—30—