M&A Deal Summary

The Carlyle Group Acquires PrimeFlight Aviation Services

On November 13, 2013, private equity firm The Carlyle Group acquired airliner PrimeFlight Aviation Services

Acquisition Highlights
  • This is The Carlyle Group’s 1st transaction in the Airlines sector.
  • This is The Carlyle Group’s 249th transaction in the United States.
  • This is The Carlyle Group’s 44th transaction in Texas.
Investment Fate
  • PrimeFlight Aviation Services was sold to a consortium of financial buyers in 2023.

M&A Deal Summary
Date 2013-11-13
Target PrimeFlight Aviation Services
Sector Airlines
Buyer(s) The Carlyle Group
Deal Type Buyout (LBO, MBO, MBI)

Target

PrimeFlight Aviation Services

Sugar Land, Texas, United States
website
PrimeFlight Aviation Services provides major airlines, airports, cargo, and general aviation customers with GSE maintenance, ground handling services, aircraft services, into-plane fueling, deicing, aviation cleaning supplies, and terminal services, across a global footprint. PrimeFlight is based in Sugar Land, Texas.

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Buyer(S) 1

Buyer

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 476 of 695
Sector (Airlines) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 158 of 202
State (Texas) 44 of 51
Country (United States) 249 of 336
Year (2013) 17 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-13 Genesee & Wyoming

Darien, Connecticut, United States

Genesee & Wyoming owns and operates short line and regional freight railroads and provides railcar switching services in the United States, Australia, Canada, the Netherlands and Belgium. Genesee & Wyoming was founded in 1899 and is based in Darien, Connecticut.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-19 Chesapeake

Old Amersham, United Kingdom

Chesapeake is a manufacturer of value-added specialty paperboard packaging, including folding cartons, leaflets and labels for the pharmaceutical, confectionary and drinks markets, as well as rigid plastic packaging for niche markets in Europe and Africa.

Sell -
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