M&A Deal Summary

Tiger Infrastructure Partners Acquires Modern Aviation

On February 22, 2018, private equity firm Tiger Infrastructure Partners acquired aerospace company Modern Aviation

Acquisition Highlights
  • This is Tiger Infrastructure Partners’ 1st transaction in the Aerospace sector.
  • This is Tiger Infrastructure Partners’ 7th transaction in the United States.
  • This is Tiger Infrastructure Partners’ 4th transaction in New York.
Investment Fate
  • Modern Aviation was sold to a consortium of financial buyers in 2023.

M&A Deal Summary
Date 2018-02-22
Target Modern Aviation
Sector Aerospace
Buyer(s) Tiger Infrastructure Partners
Deal Type Consolidation

Target

Modern Aviation

New York, New York, United States
website
Modern Aviation is a platform company created to acquire and consolidate fixed-based operators (“FBOs”). Its FBOs hold long-term concessions at the airports where they operate and provide hangar space, fuel, and other aviation services. Modern Aviation was founded in 2017 and is based in New York City.

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Buyer(S) 1

Buyer

Tiger Infrastructure Partners

website

Category Private Equity Firm
Founded 2009
PE ASSETS 2.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Tiger Infrastructure Partners is a private equity firm focused on acquiring controlling stakes in infrastructure companies in the communications, energy, and transportation sectors. Tiger will consider opportunities throughout North America and Europe and looks to commit $25 to $100 million per transaction. Tiger Infrastructure Partners was formed in 2009 and is based in New York City.

DEAL STATS #
Overall 11 of 20
Sector (Aerospace) 1 of 2
Type (Consolidation) 1 of 1
State (New York) 4 of 5
Country (United States) 7 of 12
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-07 Crosslake Fibre

Toronto, Ontario, Canada

Crosslake Fibre is an operator and developer of long-haul and middle mile routes in North America and Western Europe. Crosslake’s approach to developing next-generation networks will bring new backbone routes to telecommunications carriers and web-centric customers, and last-mile broadband to consumers. Crosslake Fibre was founded in 2016 and is based in Toronto, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 Granite Comfort

New York, New York, United States

Granite Comfort is a residential HVAC and plumbing platform company that invests in and partners with leading residential HVAC companies in the United States. Granite Comfort was founded in 2018 and is based in New York City.

Buy -
Mergr

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