Printer Friendly

AEI Acquires Majority Interest in Alpine Air Express.

MANews-(C)2009-2019

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 www.aeroequity.com.

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)

Vendor:

Deal size in USD:

Type: LBO

Financing:

Status: Agreed

Buyer advisor: , ,

Comment: Terms of the deal were not disclosed

COPYRIGHT 2019 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2019 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:M & A Navigator
Date:May 6, 2019
Words:242
Previous Article:Arthur J. Gallagher Acquires Australia-Based AgriRisk Services.
Next Article:Deal snapshot: AEI ACQUIRES MAJORITY INTEREST IN ALPINE AIR EXPRESS.
Topics:

Terms of use | Privacy policy | Copyright © 2021 Farlex, Inc. | Feedback | For webmasters |