M&A Deal Summary

Landmark FBO Acquires Ross Aviation

On August 5, 2014, Landmark FBO acquired aerospace company Ross Aviation from Centre Partners Management and Carlisle Enterprises

Acquisition Highlights
  • This is Landmark FBO’s 5th transaction in the Aerospace sector.
  • This is Landmark FBO’s 5th transaction in the United States.
  • This is Landmark FBO’s 1st transaction in Colorado.
Investment Fate
  • Ross Aviation was divested to a consortium of buyers in 2021.

M&A Deal Summary

Date 2014-08-05
Target Ross Aviation
Sector Aerospace
Buyer(s) Landmark FBO
Sellers(s) Centre Partners Management
Carlisle Enterprises
Deal Type Add-on Acquisition
Advisor(s) Harris Williams & Co. (Financial)
Dechert (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

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 5 of 5
Sector (Aerospace) 5 of 5
Type (Add-on Acquisition) 2 of 2
State (Colorado) 1 of 1
Country (United States) 5 of 5
Year (2014) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-05 Louisiana Aircraft

Baton Rouge, Louisiana, United States

Louisiana Aircraft LLC is a provider of exceptional aviation services to the Baton Rouge Metropolitan Airport.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-16 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.

Sell -

Seller(S) 2

SELLER

Centre Partners Management

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1986
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Centre Partners is a private equity firm focused on investments in North American middle-market companies 'with strong growth prospects, predictable cash flows, and defensible competitive positions'. Prospective transactions include investments in privately owned companies, growth capital financings, management buyouts/buy-ins, divestitures, and take privates. The Firm's typical investment size is $10 to $50 million. Areas of interest include consumer products and services, cable/media, business services, energy, financial services, healthcare, industrial, and retail. Centre Partners was formed in 1986 and has offices in New York, New York and Los Angeles, California.


DEAL STATS #
Overall 22 of 31
Sector (Aerospace) 1 of 1
Type (Add-on Acquisition) 10 of 11
State (Colorado) 1 of 1
Country (United States) 21 of 30
Year (2014) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-08 Wind River Environmental

Hudson, Massachusetts, United States

Wind River Environmental LLC is a provider of inspection, service, installation, repair, and maintenance of non-hazardous liquid environmental waste solutions in the United States. Wind River provides non-discretionary and regulatory-driven non-hazardous waste removal and treatment services to a wide range of commercial, residential, and municipal customers across the Eastern U.S. With more than 25 locations, Wind River serves a diversified blue-chip customer base including national food and retail establishments such as Starbucks, McDonald’s, and Whole Foods. Wind River Environmental, LLC was founded in 1946 and is based in Hudson, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-27 Stonewall Kitchen

York, Maine, United States

Stonewall Kitchen is a specialty food and home goods producer selling jams and jellies at local farmers' markets with a flavorful line of distinctive and high-quality products. Stonewall expanded the brand to include sauces, condiments, crackers, and baking mixes, always focusing on innovative product development, beautiful packaging, and exceptional guest service. Stonewall Kitchen was founded in 1991 and is based in York, Maine.

Buy -
SELLER

Carlisle Enterprises

San Diego, California, United States

Investor Investor

website


Category Private Equity Firm
Founded 1990
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Carlisle Enterprises is a private equity firm focused on investing in companies providing products and services to industrial, commercial and consumer markets. Prospective transaction situations include recapitalizations, divestitures, consolidations, minority and growth financings. Carlisle prefers businesses located within the US. The Firm will consider both profitable companies and turnaround situations. Carlisle's target investment range is up to $100 million of equity capital. Carlisle is partnered with and relies on private equity firm Centre Partners to fund acquisitions. Carlisle Enterprises is based in San Diego, California.


DEAL STATS #
Overall 15 of 16
Sector (Aerospace) 2 of 3
Type (Add-on Acquisition) 8 of 8
State (Colorado) 1 of 1
Country (United States) 14 of 15
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-18 UVP

Upland, California, United States

UVP is a life science imaging systems for academic, biopharmaceutical and biotechnology applications. A leading developer and manufacturer of ultraviolet products since 1932, UVP provides innovative products and specializes in fluorescence and luminescence-based imaging applications for life sciences.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-01 MSA Aircraft Products

San Antonio, Texas, United States

MSA Aircraft Products, Inc. is a designer, manufacturer and provider of highly engineered window systems and associated composite components for use in Business Jet aircraft, as well as in new applications in the 1st Class Commercial aircraft segment of the aerospace industry. The company provides an extensive suite of patented products, comprehensive services and support to aircraft OEMs, completion centers and dealers worldwide.

Sell -