Transaction Tombstones
TAC Air Acquires Southern Jet
Southern Jet had come to represent the very best of southern hospitality at Raleigh-Durham (RDU) in North Carolina. TAC Air is well-known for much the same approach to customer care, and made RDU it’s 12th location. ARGI advised TAC Air and arranged the transaction.
BBA Aviation Adds 4 Executive Beechcraft Locations
Topeka Aircraft, operating as well-known “Executive Beechcraft”, had become dominant in the growing Kansas City aviation services market and a leading service provider at the Spirit Airport just west of St. Louis. BBA Aviation moved aggressively to add the 4 locations, and continuing the full-service operations under the Executive Beechcraft banner. ARGI advised the sellers and arranged the transaction.
JetDirect Acquires JetCorp
Operating on the Spirit Airport (SUS) for many years, JetCorp had become nationally known as the leading FBO destination in the St. Louis area. Turbine operators from around the Midwest had also come to rely on JetCorp’s technical service capability in a newly- acquired maintenance facility. And locally, JetCorp’s “CharterShares” program dominated the market. Such robust combination of services was just what JetDirect was looking for as the operational base for a national “Structured Charter” offering. ARGI advised the sellers and arranged the transaction
Redstone Bank Finances Million Air Houston Expansion
While a very successful lender in the Houston area, Redstone Bank lacked an understanding of aviation services finances and value in the growing marketplace. ARGI advised the Bank regarding the trends in the industry, the strength of general aviation growth at Houston Hobby (HOU), and the security represented by the FBO operation.
Sheltair Acquires Long Island Jet Center at Farmingdale-Republic
Reacting to unprecedented demand for based tenant space in the NYC area, Long Island Jet Center had reached capacity at it’s Farmingdale (FRG) location and had acquired additional acreage for major expansion. Sheltair had first-hand experience in the market with a location at LaGuardia, and pursued an early interest in both the existing Long Island Jet Center FBO and expansion of facilities at FRG. ARGI advised the sellers and arranged the transaction.”
American Airports Acquires Rifton Aviation
American Airports Corporation (AAC) is one of the largest general aviation airport management companies in the United States. AAC develops and owns individual aviation facilities and fixed base operator (FBO) facilities. Early this year AAC purchased the business assets of Rifton Aviation, located on the Stuart Airport (SWF), just north of New York City, and are operating the FBO under the trade name of "Supermarine". ARGI acted as a financial advisor to Rifton Aviation and arranged this transaction.
TAC Air Acquires Knoxair
TAC Air, a subsidiary of Truman Arnold Companies, acquired the business assets of Knox Air, Inc. located on the Knoxville, TN airport (TYS). This Transaction marked the 11th location for TAC Air's growing network, and was followed by the acquisition of Cherokee Aviation, also located at TYS. ARGI acted as a financial advisor to TAC Air and arranged this transaction.
Premier Acquires West Star Aviation
Premier Air Center, a leasing provider in the aircraft maintenance services arena, acquired West Star Aviation in Grand Junction, CO (GJT). ARGI acted as a financial advisor to West Star Aviation.
Swissport Acquires The Airline Fueling Business of Long Island Jet Center
Swissport Fueling Services acquired the business assets of Long Island Jet Center's Commercial Airline Fueling activities at the Long Island Mac Arthur Airport (ISP). ARGI acted as financial advisor to Long Island Jet Center and arranged the transaction.
TAC Air Acquires Krystal Aviation
TAC Air, a subsidiary of Truman Arnold Companies, acquired the business assets of Krystal Aviation, located on the Chattanooga, TN Lovell Field (CHA). Krystal evolved from a flight department of the Krystal Company to become the predominant aviation service provider at CHA. This acquisition marks the 10th location for TAC Air's growing network. ARGI acted as a financial advisor to Krystal Aviation and arranged this transaction.
West Star acquires Timberline Aviation
West Star Aviation acquired the assets of on-airport competitor Timberline Aviation in Grand Junction, CO (GJT). ARGI acted as a financial advisor to Timberline Aviation and arranged this transaction.
Clay Lacy Aviation Acquires Flight Center
Clay Lacy Aviation is one of the most distinguished names in the general aviation industry. Clay Lacy Aviation and Partner acquired the assets of Flight Center Incorporated, located on Boeing Field at Seattle, WA (BFI). ARGI acted as a financial advisor to Flight Center and arranged this transaction.
Tri-State Aero Acquired Locally
A local businessman in Evansville Indiana, purchased the business interests of Tri-State Aero on the Evansville Airport (EVV). This full-service FBO has a long history of superior aviation services. Subsequently, the new owner of Tri-State Aero acquired a competing leasehold for future expansion. ARGI acted as a financial advisor to Tri-State Aero and arranged this transaction.
The Employees of Muncie Aviation Form an ESOP
The Employees of Muncie Aviation purchased the business assets of Muncie Aviation Company, located at the Delaware County Airport - Johnson Field (MIE). ARGI acted as a financial advisor to the former shareholders of Muncie Aviation.
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At
any one time, ARGI is involved in several engagements
that can span from closing on the sale of an aviation service
business... to assisting an owner understand the value of his
business... to developing a RFP for an airport to attract
aviation service providers... and sometimes recruiting for a unique
senior manager. These engagements usually span months, even
years, as ARGI works in the background, quietly fulfilling an
advisory role. Hence there is little to be publicly discussed
until the end result, summarized to the public in a
"Transaction Tombstone" that identifies the parties involved and the
general role played by ARGI.
