M&A Deal Summary

KSL Capital Partners Acquires Ross Aviation

On November 16, 2021, private equity firm KSL Capital Partners acquired aerospace company Ross Aviation from Landmark FBO

Acquisition Highlights
  • This is KSL Capital Partners’ 1st transaction in the Aerospace sector.
  • This is KSL Capital Partners’ 32nd transaction in the United States.
  • This is KSL Capital Partners’ 6th transaction in Colorado.

M&A Deal Summary

Date 2021-11-16
Target Ross Aviation
Sector Aerospace
Buyer(s) KSL Capital Partners
Sellers(s) Landmark FBO
Deal Type Divestiture
Advisor(s) Jefferies
Harris Williams & Co. (Financial)
Simpson Thacher & Bartlett (Legal)

Target

Ross Aviation

Denver, Colorado, United States
website
Ross Aviation is an owns and operates a portfolio of fixed-base operations (FBO) in North America. It also engages in identifying, acquiring, and investing opportunities in the FBO industry. Ross Aviation was founded in 1992 and is based in Denver, Colorado.

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Buyer(S) 1

Buyer

KSL Capital Partners

Denver, Colorado, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2005
PE ASSETS 18.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

KSL Capital Partners LLC is a specialist private equity firm that makes investments in travel and leisure businesses. Areas of interest include hospitality, recreation, clubs, real estate and travel services. KSL is a hands-on investor, with a strong interest in pursuing under-managed or under-capitalized businesses where the firm can unlock hidden value. KSL Capital Partners is the successor investment vehicle to KSL Recreation Corporation, a former portfolio company of KKR. KSL Capital Partners LLC was founded in 2005 and is based at Denver, Colorado with additional offices in New York, New York and London, United Kingdom.


DEAL STATS #
Overall 43 of 49
Sector (Aerospace) 1 of 1
Type (Divestiture) 4 of 6
State (Colorado) 6 of 6
Country (United States) 32 of 36
Year (2021) 7 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-11 The Belfry

West Midlands, United Kingdom

The Belfry is a provider of leisure, conference and golf destination, featuring 320 rooms, a 25,000-square foot fitness center and spa, and 20,000 square feet of meeting space. The Belfry was founded in 1977 and is based in West Midlands, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-07 Davenport Hotels

Spokane, Washington, United States

Davenport Hotels operates a portfolio of five luxury, convention, business and leisure hotels. Davenport Hotels was founded in 1914 and is based in Spokane, Washington.

Buy -

Seller(S) 1

SELLER

Landmark FBO

Houston, Texas, United States

website


Category Company
Founded 2007
Sector Aerospace
DESCRIPTION

Landmark FBO, LLC (“Landmark”) is a provider of fueling and ground support services to the general and commercial aviation markets through its network of fixed base operations (“FBOs”). Landmark is the 3rd largest network of FBOs in North America with a presence at high volume airports such as Washington Dulles and Los Angeles International. In addition to FBOs, the company provides MRO services, aircraft charter and management, aircraft fueling and information technology support services to the U.S. military through long-term contracts.


DEAL STATS #
Overall 1 of 1
Sector (Aerospace) 1 of 1
Type (Divestiture) 1 of 1
State (Colorado) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-05 Ross Aviation

Denver, Colorado, United States

Ross Aviation is an owns and operates a portfolio of fixed-base operations (FBO) in North America. It also engages in identifying, acquiring, and investing opportunities in the FBO industry. Ross Aviation was founded in 1992 and is based in Denver, Colorado.

Buy -