Brazos Safety Systems Announces Strategic Growth Investment from Altaline
'With Altaline's support and strategic guidance, we are well-positioned to accelerate innovation, enhance our solutions, and deliver even greater value to our customers as we continue our mission to improve flight safety worldwide.'
Founded in 2015 and headquartered in Fort Worth, Texas, Brazos Safety Systems (formerly Truth Data Insights) delivers state-of-the-art Flight Data Monitoring (FDM) and Flight Operations Quality Assurance (FOQA) analytics to a diverse range of rotorcraft and fixed-wing operators worldwide. Brazos serves critical sectors including emergency medical services, oil and gas, executive transport, logistics, and law enforcement, supporting more than 300 aircraft and analyzing data from over 200,000 flights.
'Brazos Safety Systems has established itself as a trusted partner to aviation operators by delivering innovative, data-driven solutions that enhance flight safety and operational efficiency,' said Brian Maher, Principal at Altaline. 'We are excited to support Brazos in its next phase of growth as the company expands its technology platform and broadens its impact across the aviation industry.'
Brazos Safety Systems is recognized for its highly configurable technology and exceptional analytics services which enable operators to implement customized FDM and FOQA programs that meet rigorous regulatory and operational requirements while powering improved flight safety. The company's team of avionics experts, software developers, and flight data analysts is dedicated to providing actionable insights and tailored support to its clients.
'This partnership with Altaline marks a significant milestone for Brazos,' said Peter Henrikson, President of Brazos Safety Systems. 'With Altaline's support and strategic guidance, we are well-positioned to accelerate innovation, enhance our solutions, and deliver even greater value to our customers as we continue our mission to improve flight safety worldwide.'
'Brazos has all of the attributes we look for at Altaline, including a data-rich and mission-critical solution, strong client momentum, a leading position in its market segment of focus and strong customer loyalty and satisfaction,' added Rafael Telahun, Managing Director at Altaline. 'We look forward to collaborating with the Brazos team to expand on the Company's mission to leverage technology to improve flight safety globally.'
BakerHostetler, Elliott Davis LLC and Payne Enterprises LLC acted as legal, financial and commercial advisors to Altaline, respectively. AvStrategies LLC served as exclusive financial advisor while Cole Bryan PC served as legal advisor to Brazos.
About Altaline
Altaline is a Los Angeles-based private equity firm focused on buyouts and growth investments in lower middle-market companies across the technology, business services and financial services sectors in the U.S. and Canada. Founded by former professionals from TA Associates, H.I.G. Capital and KKR, the firm combines deep-sector expertise with an operationally oriented approach to support transformational growth and value creation. Learn more about Altaline at www.altaline.com.
About Brazos Safety Systems
Brazos Safety Systems, based in Fort Worth, Texas, is a leader in aviation safety technology and analytics, specializing in data-driven insights and analytics that enhance flight safety. The Company provides market leading Flight Data Monitoring (FDM) and Flight Operations Quality Assurance (FOQA) solutions for rotorcraft and fixed-wing operators worldwide. Learn more about Brazos at www.brazossafety.com.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
3 hours ago
- Yahoo
A tech billionaire vows to make homeless housing affordable and profitable
A call for proposals to develop a surplus Metro property on the corner of Wilshire and Crenshaw boulevards drew bids from seven heavyweights in the world of homeless housing. Along with big non-profits like Abode, PATH and Bridge Housing, an eighth bidder — one that has yet to produce a single apartment — presented a bold plan to do what none of the others could. Better Angels, a nonprofit founded by a billionaire tech entrepreneur who has turned his attention to homelessness, said it will build 212 affordable units on the property, plus a medical office building, without needing a dime of taxpayer money. Unlike the other bidders, whose proposals rely on tax credits and other government grants, Better Angeles says it will supply 30% of the capital as equity and finance the rest with conventional loans, allowing it to build faster and at much less cost than typical affordable projects. Among several homelessness initiatives launched by its founder, Adam Miller, Better Angels has set out on an ambitious mission to debunk the conventional wisdom that affordable housing can't be produced without taxpayer subsidies. "The goal is to show the way to make money doing affordable housing because we believe that ... the only way you are going to solve the affordable housing crisis is by letting capitalism work," Miller said. With a $300-million investment fund, Miller is trying to lure for-profit developers away from the luxury market and create an opportunity for small-scale developers to think beyond duplexes and ADUs. Concurrently with its Metro proposal, Better Angels is bidding on a project to redevelop a former Kaiser Permanente facility in Pasadena. It proposes a housing and mental health hub with a mix of 300 market rate, affordable and supportive units for formerly homeless people. It also has entered a bid in a Los Angeles Community College District competition for proposals to produce student housing. If selected, it would build a 54-unit apartment near Sunset Junction in Silver Lake for Los Angeles City College students with preference for those in or exiting foster care. Metro and LACCD have announced that winners will be named this summer. Bidding on the Pasadena project closed in May, and a decision is expected sometime this year. Win or lose on those bids, Better Angels is backing two smaller projects that are well on their way to completion. A groundbreaking will be held in later this summer for a 51-unit apartment that will replace an abandoned single-family home in South Los Angeles. Later in the year, permits are expected to be issued for an eight-story, 72-unit building a block from Manchester Avenue in Westchester. Miller promotes his housing model as an alternative to the decades-old system of double subsidies that use tax credits supplemented by other government grants to finance construction and rental subsidies to support ongoing operation. Tax-credit development is slow and costly because the rental subsidies have to be secured before capital can be raised, and the financing can be a years-long process involving competitive applications to multiple agencies. All the while the developer, in most cases a nonprofit homeless services provider, accrues carrying costs for the land. By providing capital up front with the stroke of a pen, Better Angels potentially cuts years off the process. "It's a very uncomplicated structure," said Anthony Gude, lead developer of the Westchester project. "You don't have to use public subsidies. That makes the capital stack simpler and more reliable." Gude said the 72-unit project will cost $15.5 million. At $215,000 per unit, that's roughly a third of the current cost of construction financed with tax credits. But there is a trade-off for the savings in time and cost. Though classified as affordable, the project will not become part of the homeless housing system. To be profitable, its rents will exceed the very low level needed to get people directly off the streets. As part of the approval process, Gude committed to limit rent of 55 units at low income (for people making 80% of area median income) and 15 units at moderate income levels. On average, that would be about $2,000 for the low-income units, he said. While that would be roughly 40% lower than rents in other new high-rise buildings going up in the bustling area just north of LAX, it's well above the very-low income levels required of tax-credit projects. That differential is evident in the applications for Metro's Wilshire/Crenshaw project. Better Angels' Metro proposal would provide 170 units at 80% of the area median income and 42 units at 110% of median, the latter a level commonly known as workforce housing. The seven competing proposals, all using tax-credit financing, would have some units available for people with incomes of only 30% of the median, considered acutely low-income, and most below 60% of the median. André F. Bueno, Better Angels' director of housing and chief investment officer, said the goal is to create new housing with guaranteed affordability that would serve homeless people directly through master leases to nonprofit agencies or, if not master leased, indirectly by renting to people who have federal Section 8 vouchers but can't use them in the competitive rental market. Miller described it as a homeless housing with "downside protection." "We have flexibility to ensure our limited partners get their return," he said. "We're trying to prove out that there is a different better way to do this that is less costly to the government and more effective at creating housing." Miller, who built Cornerstone OnDemand into a global training and development company, turned his focus on philanthropy after its 2021 sale. After forming an organization that supports research seeking solutions on gun control, Miller and his wife Staci Miller turned their attention to homelessness as their primary local mission, creating the STEP Fund, a no-interest, forgivable micro-loan program to help people facing evictions. It has given out 700 loans with a return rate of 65%. In 2023, the Millers incorporated Better Angels United Inc. as the umbrella for several initiatives. It conducts Resource Days around the county to help homeless people connect with services. It also employs a technical team working to create a mobile phone app for outreach workers and a centralized shelter database. After the Los Angeles fires, Better Angels built a resource navigator app and set up a relief fund. Its Affordable Housing Fund is a for-profit subsidiary of Better Angels created to attract capital to develop affordable housing. "We expect the returns on these projects are going to be market rate — double-digit internal rate of return — and we think that is going to encourage a lot of other people to get in this space and build net new affordable housing," Miller said. Miller is planning to promote three types of housing. About 45% of the fund will go to standard new housing construction. Another 20% will be invested with Good River Partners, whose founder Daniel Heimpel aspires to build housing for youths transitioning out of foster care. With the remainder, Miller hopes to partner with housing developer and modular manufacturer SoLa Impact to help longtime South Los Angeles homeowners convert their properties into multi-family apartments. "The idea is not only to create new affordable housing but to provide an opportunity for intergenerational wealth with people in the neighborhoods," Miller said. Gude and Andrew Slocum, who is leading the project in South Los Angeles, said their plans were possible only because of state and local incentives for affordable housing, including Mayor Karen Bass' Executive Order 1 that streamlined approvals. Among the other bonuses, the five-story building in South Los Angeles and the eight-story building in Westchester require only minimal setbacks from the street and no parking. "We needed every lever that was pulled," said Gude. Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week. This story originally appeared in Los Angeles Times. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
New York Post
3 hours ago
- New York Post
Dave Portnoy calls out ‘morons' who think WNBA players shouldn't get more money
Dave Portnoy is fed up with those who believe WNBA players don't deserve a higher payday. In the wake of players wearing warmup shirts that said 'Pay Us What You Owe Us' at Saturday's All-Star Game, the Barstool Sports founder and owner made his stance clear with a lengthy post and subsequent video on X on Sunday. 'I don't know how anybody in the world with a brain, and maybe my brain is just bigger than most, can rationally say women don't deserve more money at this point,' Portnoy said in the video. Portnoy went on to reference how Caitlin Clark's rookie salary, $76,000, is less than what Barstool personalities Nicky Smokes and Ben Mintz make per year, calling the disparity 'insane.' As of the 2024 season, the WNBA's average salary was $147,745, according to DirecTV. Portnoy noted how some WNBA critics have referenced reports of the league losing tens of millions of dollars each year, but said the finances of the league are 'a mess, tied in with the NBA and purposely murky.' 3 Barstool Sports founder and owner Dave Portnoy thinks WNBA players deserve a pay raise. @stoolpresidente/X In October 2024, The Post reported the WNBA would be losing $40 million in the 2025 season. But, as Portnoy put it, the league is 'exploding.' 'Franchise values are exploding. Ticket sales, merch, tv rights all exploding. The players have an opt out in their CBA. Of course they took it. It's all about leverage in re-negotiations and for the 1st time in history of [the] league players have power,' Portnoy wrote. 3 Dave Portnoy attends a game between the Indiana Fever and the Connecticut Sun at TD Garden on July 15. NBAE via Getty Images The league agreed to an 11-year, $2.2 billion TV rights deal with Disney, Amazon Prime Video and NBCUniversal last summer, and TV ratings (up 23%), ticket sales (up 26%) and attendance (13%) are all surging halfway through the season, according to NPR. 'The players make virtually nothing while the entire league explodes,' Portnoy added. 'Of course they deserve more money.' Portnoy, who is one of Caitlin Clark's most vocal superfans, also refuted the notion that the league's recent success is unsustainable because it over-relies on Clark's star power. 'This league is so white hot right now, and I know everyone's going to say, 'Well, it's only Caitlin Clark, it's a one-person league,'' Portnoy said. 'Caitlin Clark was 100% the match that lit the fuse…but, Caitlin's not going anywhere. She's year two of a 15-year career.' 3 Fever star Caitlin Clark wearing a 'Pay Us What You Owe Us' shirt before the WNBA All-Star Game on July 19. Getty Images He added that other young stars like Angel Reese, Paige Bueckers and the soon-to-be pro JuJu Watkins mark a bright future for the league, too. Portnoy concluded by writing that if he could purchase a Boston-based WNBA franchise for $250 million, he 'would do it without blinking.' 'That's all you got to know about the WNBA finances,' he added.
Business Upturn
6 hours ago
- Business Upturn
Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Vestis, Reckitt, and Tempus and Encourages Investors to Contact the Firm
Bragar Eagel & Squire, P.C. Litigation Partner Brandon Walker Encourages Investors Who Suffered Losses In Vestis (VSTS), Reckitt (RBGLY), or Tempus (TEM) To Contact Him Directly To Discuss Their Options If you purchased or acquired securities in any of the above companies during their class period and would like to discuss your legal rights, call Bragar Eagel & Squire partner Brandon Walker or Marion Passmore directly at (212) 355-4648 NEW YORK, July 20, 2025 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that class actions have been commenced on behalf of stockholders of Vestis Corporation (NYSE:VSTS), Reckitt Benckiser Group plc (OTC:RBGLY), and Tempus AI, Inc. (NASDAQ: TEM). Stockholders have until the deadlines below to petition the court to serve as lead plaintiff. Additional information about each case can be found at the link provided. Vestis Corporation (NYSE:VSTS) Class Period: May 2, 2024 – May 6, 2025 Lead Plaintiff Deadline: August 8, 2025 According to the complaint, defendants provided overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the true state of Vestis' ability to grow its business; notably that Vestis would be unable to execute on planned strategic initiatives to drive purported improvements to the customer experience and its onboarding efforts in order to drive new customer growth, increased customer retention, and increased revenue from existing customers. On May 7, 2025, Vestis announced its financial results for the second quarter of fiscal 2025, withdrew its revenue and growth guidance for the full fiscal year 2025, and provided guidance for the third quarter of fiscal 2025 that fell significantly below market expectations. The Company attributed its poor results partially to 'lost business in excess of new business,' but primarily on 'lower adds over stops, which is how we describe volume changes with our existing customers.' The Company attributed its decision to pull full-year guidance and provide disappointing third quarter targets to the 'increasingly uncertain macro environment.' Following this news, the price of Vestis' common stock declined dramatically. From a closing market price of $8.71 per share on May 6, 2025, Vestis' stock price fell to $5.44 per share on May 7, 2025, a decline of about 37.54% in the span of just a single day For more information on the Vestis class action go to: Reckitt Benckiser Group plc (OTC:RBGLY) Class Period: January 13, 2021 – July 28, 2024 Lead Plaintiff Deadline: August 4, 2025 Reckitt is a United Kingdom-based, global consumer goods company. To date, over 500 state and federal products liability lawsuits have been filed against Reckitt and its competitor, Abbott Laboratories ('Abbott'), claiming that they failed to adequately warn that premature infants consuming cow milk-based formulas, such as Reckitt's Enfamil and Abbott's Similac, have an increased risk of developing necrotizing enterocolitis ('NEC'), a life-threatening intestinal disease that affects premature or low birth weight infants. The Class Action alleges that, during the Class Period, Defendants made misleading statements and omissions regarding the Company's business, financial condition, and prospects. Specifically, Defendants failed to warn investors and consumers: (1) that preterm infants were at an increased risk of developing NEC by consuming Reckitt's cow's milk-based formula, Enfamil; (2) of the attendant impact on Reckitt's sales of Enfamil and Reckitt's exposure to legal claims; and (3) as a result of the above, Defendants' positive statements about the Company's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. For more information on the Reckitt Bensicker class action go to: Tempus AI, Inc. (NASDAQ: TEM) Class Period: August 6, 2024, and May 27, 2025 Lead Plaintiff Deadline: August 11, 2025 According to the complaint, defendants failed to disclose: (1) Tempus inflated the value of contract agreements, many of which were with related parties, included non-binding opt-ins and/or were self-funded; (2) the credibility and substance of the joint venture with SoftBank was at risk because it gave the appearance of 'round-tripping' capital to create revenue for Tempus; (3) Tempus-acquired Ambry had a business model based on aggressive and potentially unethical billing practices that risked scrutiny and unsustainability; (4) AstraZeneca had reduced its financial commitments to Tempus through a questionable 'pass-through payment' via a joint agreement between it, the Company and Pathos AI; and (5) the foregoing issues revealed weakness in core operations and revenue prospects. The complaint alleges that on May 28, 2025, Spruce Point Capital Management, LLC issued a report on Tempus that raised numerous red flags over Tempus' management, operations and financial reporting. The Spruce Point Report scrutinized Tempus on an array of issues, including: (1) defendant Eric Lefkofsky and his associates have a history cashing out of companies before public shareholders incur losses or lackluster returns; (2) Tempus' actual AI capabilities are overstated; (3) board members and other executives have been associated with troubled companies that restated financial results; (4) signs of aggressive accounting and financial reporting; (4) issues with the AstraZeneca and Pathos AI deal that merit scrutiny; and (5) the Company's recent financial guidance reveals weakness in core operations. On this news, the price of Tempus common stock fell $12.67 per share, or 19.23%, from a closing price of $65.87 per share on May 27, 2025, to a closing price of $53.20 per share on May 28, 2025. For more information on the Elevance class action go to: About Bragar Eagel & Squire, P.C.: Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit . Attorney advertising. Prior results do not guarantee similar outcomes. Contact Information: Bragar Eagel & Squire, Walker, Esq. Marion Passmore, Esq.(212) 355-4648 [email protected]
