M&A Deal Summary

Grove Mountain Partners Acquires Air Ambulance Worldwide

On January 1, 2016, private equity firm Grove Mountain Partners acquired transportation company Air Ambulance Worldwide

Acquisition Highlights
  • This is Grove Mountain Partners’ 1st transaction in the Transportation sector.
  • This is Grove Mountain Partners’ 2nd transaction in the United States.
  • This is Grove Mountain Partners’ 1st transaction in Florida.

M&A Deal Summary
Date 2016-01-01
Target Air Ambulance Worldwide
Sector Transportation
Buyer(s) Grove Mountain Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Air Ambulance Worldwide

Clearwater, Florida, United States
Air Ambulance Worldwide is a medical air services provider. Services include patient transport, medevac, medical flights, and non-emergency medical transport. Air Ambulance Worldwide is based in Clearwater, Florida.

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Buyer(S) 1

Buyer

Grove Mountain Partners

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2020
PE ASSETS 480M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Grove Mountain Partners is a private equity firm focused on investments in lower-middle market home service and specialty business service companies throughout the US. The Firm seeks long-term partnerships with management teams in businesses with EBITDA between $3 and $25 million and $15 to $200 million in revenue. Grove Mountain considers control and structured equity investments to support management/leveraged buyouts, family succession planning, recapitalizations, and corporate divestitures. Grove Mountain prefers businesses with relatively low capital intensity and generally avoids companies with customer concentration, extreme cyclicality, significant regulation, or unknown technology risks. Grove Mountain Partners was founded in 2020 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 2 of 5
Sector (Transportation) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 2
State (Florida) 1 of 1
Country (United States) 2 of 5
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 HopGistics

Atlanta, Georgia, United States

HopGistics provides customized keg management solutions and support. HopGistics works with breweries to determine the best keg program for their current and future needs and deliver it. HopGistics is based in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 Central States Paving and Concrete

Wisconsin, United States

Central States is a partnership of paving companies. It seeks to provide excellent customer service while providing a stable and growing environment for its base of committed employees. Central States Paving and Concrete is based in Wisconsin.

Buy -
Mergr

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