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AEI Acquires Majority Interest in Alpine Air Express.


6 May 2019 - Florida, US-based private equity investor AE Industrial Partners, LP (AEI) has acquired a majority interest in Utah, US-based logistics and transportation platform Alpine Air Express, Inc., providing regional air cargo services throughout the Mountain Region of the Western United States, the company said.

As part of this transaction, AEI has partnered with the company's existing shareholders, including Michael Dancy who will continue in his role as CEO of Alpine. Terms of the transaction were not disclosed.

Alpine operates a growing fleet of over 40 aircraft, and it recently developed a proprietary Supplemental Type certificate (STC) to convert the Beechcraft 1900D aircraft from passenger configuration to cargo configuration, making it the largest single pilot cargo aircraft in the world.

This STC offers Alpine a unique competitive advantage which should enable the company to capture greater share in its market.

AE Industrial Partners specialises in control investments in Aerospace and Defense, Power Generation, and Speciality Industrial businesses. AE Industrial Partners invests in market-leading companies that can benefit from its deep industry knowledge, operating experience, and relationships throughout its target markets. Learn more at

Akerman LLP served as legal advisor and KPMG LLP served as financial advisor to AEI.

Country: USA

Sector: Air Transport

Target: Alpine Air Express/majority stake

Buyer: AE Industrial Partners, LP (AEI)


Deal size in USD:

Type: LBO


Status: Agreed

Buyer advisor: , ,

Comment: Terms of the deal were not disclosed

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Publication:M & A Navigator
Date:May 6, 2019
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