M&A Deal Summary

Apollo Global Management Acquires Modern Aviation

On November 2, 2023, asset manager Apollo Global Management acquired aerospace company Modern Aviation from Tiger Infrastructure Partners

Acquisition Highlights
  • This is Apollo Global Management’s 2nd transaction in the Aerospace sector.
  • This is Apollo Global Management’s 98th transaction in the United States.
  • This is Apollo Global Management’s 6th transaction in New York.

M&A Deal Summary
Date 2023-11-02
Target Modern Aviation
Sector Aerospace
Buyer(s) Apollo Global Management
Sellers(s) Tiger Infrastructure Partners
Deal Type Secondary Buyout
Advisor(s) Harris Williams (Financial)
Winston & Strawn
Lowenstein Sandler (Legal)

Target

Modern Aviation

New York, New York, United States
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

Apollo Global Management

New York, New York, United States

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1990
PE ASSETS 45.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apollo Global Management is a global alternative investment firm. The Firm segments its activity between private equity, capital markets, real estate, and publicly traded investment funds. Within private equity, Apollo targets traditional buyouts, distressed situations, as well as minority investments to help companies make acquisitions or fund other needs. Sectors of interest include chemicals, commodities, consumer/retail, distribution, transportation, financial services, business services, manufacturing, industrial, media/cable/leisure, packaging, and satellite/wireless. Apollo's geographic coverage spans Europe, North America, and Asia. Apollo manages publicly traded Apollo Investment Corporation, which provides equity and junior capital to middle-market companies, as well as Apollo Commercial Real Estate Finance, Inc. Apollo Global Management was formed in 1990 and is based in New York City.

DEAL STATS #
Overall 135 of 140
Sector (Aerospace) 2 of 2
Type (Secondary Buyout) 29 of 30
State (New York) 6 of 6
Country (United States) 98 of 101
Year (2023) 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-10 Vacuumschmelze

Hanau, Germany

Vacuumschmelze is a producer of advanced magnetic solutions, rare earth permanent magnets, and inductive components. Vacuumschmelze was founded in 1923 and is based in Hanau, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-26 U.S. Silica

Katy, Texas, United States

U.S. Silica is a producer of commercial silica sand provider with a focus on performance materials that are essential to modern living. U.S. Silica was founded in 2008 and is based in Katy, Texas.

Buy $1.9B

Seller(S) 1

SELLER

Tiger Infrastructure Partners

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 4 of 5
Sector (Aerospace) 1 of 1
Type (Secondary Buyout) 1 of 1
State (New York) 2 of 2
Country (United States) 3 of 4
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-14 Eirtech Aviation Services

Shannon, Ireland

Eirtech Aviation Services is an aviation services company providing painting, interior refinishing, and graphics to international airlines, private operators, and aviation leasing companies predominantly in Europe and the Middle East. Eirtech Aviation Services was formed in 1999 and is based in Shannon, Ireland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-17 Unison Energy

Greenwich, Connecticut, United States

Unison Energy is a fully integrated distributed generation company that develops, builds, owns, and operates combined heat and power (CHP) projects at commercial and industrial customer sites including hospitals, hotels, supermarkets, and manufacturing facilities. Unison Energy is based in Greenwich, New York.

Buy -
Mergr

Product

Company

Legal