M&A Deal Summary

Flexjet Acquires Constant Aviation

On February 22, 2023, Flexjet acquired aerospace company Constant Aviation

Acquisition Highlights
  • This is Flexjet’s 2nd transaction in the Aerospace sector.
  • This is Flexjet’s 1st transaction in the United States.
  • This is Flexjet’s 1st transaction in Ohio.

M&A Deal Summary
Date 2023-02-22
Target Constant Aviation
Sector Aerospace
Buyer(s) Flexjet
Deal Type Add-on Acquisition

Target

Constant Aviation

Cleveland, Ohio, United States
Constant Aviation is a maintenance, repair, and overhaul (“MRO”) operation serving customers primarily in the corporate and commercial aviation markets. Constant Aviation was founded in 2005 and is based in Cleveland, Ohio.

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Buyer(S) 1

Buyer

Flexjet

Richmond Heights, Ohio, United States
Category Company
Founded 1995
Sector Transportation
DESCRIPTION

Flexjet offers a range of private-jet services including: fractional ownership, leasing, charter memberships and aircraft management. Flexjet was founded in 1995 and is based in Richmond Heights, Ohio.

DEAL STATS #
Overall 2 of 3
Sector (Aerospace) 2 of 3
Type (Add-on Acquisition) 2 of 3
State (Ohio) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-05 Halo Aviation

Cranleigh, United Kingdom

Formed in 2009, Halo Aviation is a helicopter travel services provider with bases in the south of England, around London, in the Midlands, and in the Channel Islands. Headquartered in Cranleigh, Surrey, Halo Aviation serves a clientele of leaders in business, government, and other fields as well as leisure travelers, providing connections between airports and city centers and between short-haul domestic destinations such as musical festivals, racecourses, and other sports and entertainment events.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-01 Flying Colours

Peterborough, Ontario, Canada

Flying Colours is an aviation services company, that provides aircraft completions and maintenance services. Flying Colours specializes in all mid to large-sized business aircraft, including the bombardier global express and challenger families, dassault falcon, beechcraft/hawker and gulfstream models. Flying Colours was founded in 1989 and is based in Peterborough, Ontario.

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