M&A Deal Summary

Clairvest Group Acquires Air Tindi

On March 21, 2018, private equity firm Clairvest Group acquired aerospace company Air Tindi from Discovery Air

Acquisition Highlights
  • This is Clairvest Group’s 4th transaction in the Aerospace sector.
  • This is Clairvest Group’s 16th transaction in Canada.
  • This is Clairvest Group’s 1st transaction in Northwest Territory.

M&A Deal Summary

Date 2018-03-21
Target Air Tindi
Sector Aerospace
Buyer(s) Clairvest Group
Sellers(s) Discovery Air
Deal Type Divestiture

Target

Air Tindi

Yellowknife, Northwest Territory, Canada
Air Tindi is a specialty aviation services company operating across Northern Canada, primarily serving government agencies and natural resource companies. Air Tindi was founded in 1988 and is based in Yellowknife, Northwest Territory.

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Buyer(S) 1

Buyer

Clairvest Group

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 4.5B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

Clairvest Group is a generalist Canadian private equity firm focused on mid-market businesses with C$10 to C$50 million of EBITDA. While Clairvest does not have any sector preferences, the Firm prefers fragmented sectors with recurring revenue business models and economies of scale. Clairvest will consider both minority and majority investment positions and invests in the range of C$25- C$100 million per transaction. Clairvest was formed in 1987 and is based in Toronto.


DEAL STATS #
Overall 33 of 57
Sector: Aerospace M&A 4 of 4
Type: Divestiture M&A Deals 1 of 3
State: Northwest Territory M&A 1 of 1
Country: Canada M&A 16 of 21
Year: 2018 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-21 Discovery Air

Etobicoke, Ontario, Canada

Discovery Air is an aviation services company operating across Canada and in select locations internationally. Its principal customers are government agencies and natural resource companies. Discovery Air was founded in 2004 and is based in Etobicoke, Ontario.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-07 MAG Aerospace

Fairfax, Virginia, United States

MAG Aerospace is a provider of aviation training, aviation logistics, and technical services to federal, global, civilian, and commercial customers around the world. MAG delivers full spectrum ISR Services (operations, training, and technical services) and other specialty aviation to federal, international, civilian, and commercial customers around the world. MAG Aerospace was founded in 2009 and is based in Fairfax, Virginia.

Sell -

Seller(S) 1

SELLER

Discovery Air

Etobicoke, Ontario, Canada

Category Company
Founded 2004
Sector Aerospace
Revenue 171M CAD (2017)
DESCRIPTION

Discovery Air is an aviation services company operating across Canada and in select locations internationally. Its principal customers are government agencies and natural resource companies. Discovery Air was founded in 2004 and is based in Etobicoke, Ontario.


DEAL STATS #
Overall 1 of 1
Sector: Aerospace M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Northwest Territory M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-19 Air Tindi

Yellowknife, Northwest Territory, Canada

Air Tindi is a specialty aviation services company operating across Northern Canada, primarily serving government agencies and natural resource companies. Air Tindi was founded in 1988 and is based in Yellowknife, Northwest Territory.

Buy -