M&A Deal Summary

Signature Aviation Acquires Landmark FBO

On February 5, 2016, Signature Aviation acquired aerospace company Landmark FBO from The Carlyle Group

Acquisition Highlights
  • This is Signature Aviation’s 4th transaction in the Aerospace sector.
  • This is Signature Aviation’s 5th transaction in the United States.
  • This is Signature Aviation’s 2nd transaction in Texas.

M&A Deal Summary
Date 2016-02-05
Target Landmark FBO
Sector Aerospace
Buyer(s) Signature Aviation
Sellers(s) The Carlyle Group
Deal Type Add-on Acquisition

Target

Landmark FBO

Houston, Texas, United States
website
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.

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Buyer(S) 1

Buyer

Signature Aviation

London, United Kingdom

website

Category Company
Founded 1879
Sector Aerospace
Employees6,469
Revenue 2.3B GBP (2019)
DESCRIPTION

Signature Aviation is a provider of global aviation support services focused on flight support services and the aviation aftermarket, primarily in the business and general aviation sector. Signature Aviation was founded in 1879 and is based in London, the United Kingdom.

DEAL STATS #
Overall 6 of 6
Sector (Aerospace) 4 of 4
Type (Add-on Acquisition) 5 of 5
State (Texas) 2 of 2
Country (United States) 5 of 5
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-30 Line Service Operations - Hawker Beechcraft

United States

Buy £65M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-16 ASIG Holdings

Orlando, Florida, United States

ASIG Holdings Corp. is one of the largest independent providers of commercial airline services in the world. Headquartered in Orlando, Florida, it currently has operations in 88 locations across seven countries and is one of the market leaders for into plane ("ITP") fuelling and fuel farm management ("FFM") services in North America and the UK, where it also has ground handling operations in high-traffic airports as well as small and medium sized airports.

Sell $202M

Seller(S) 1

SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1987
PE ASSETS 376.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.

DEAL STATS #
Overall 292 of 443
Sector (Aerospace) 11 of 13
Type (Add-on Acquisition) 128 of 184
State (Texas) 30 of 35
Country (United States) 178 of 250
Year (2016) 4 of 25
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-04 Media Properties Holdings

New York, New York, United States

Media Properties Holdings, Inc. (dba MPH) manages and owns an array of media companies that provide automated and programmatic buying, lead generation and pay-for-performance advertising.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-10 Hampton Roads Bankshares

Virginia Beach, Virginia, United States

Hampton Roads Bankshares, Inc. operates as the bank holding company for Bank of Hampton Roads (BOHR) and Shore Bank that provide community and commercial banking services primarily to individuals and small to medium-sized businesses.

Sell -
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