M&A Deal Summary

Krystal Growth Partners Acquires Seair Seaplanes

On January 15, 2025, private equity firm Krystal Growth Partners acquired airliner Seair Seaplanes

Acquisition Highlights
  • This is Krystal Growth Partners’ 1st transaction in the Airlines sector.
  • This is Krystal Growth Partners’ 14th transaction in Canada.
  • This is Krystal Growth Partners’ 14th transaction in British Columbia.

M&A Deal Summary

Date 2025-01-15
Target Seair Seaplanes
Sector Airlines
Buyer(s) Krystal Growth Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Seair Seaplanes

Vancouver, British Columbia, Canada
Seair Seaplanes is a seaplane operator offering scheduled flights, scenic tours, and charter services. Seair Seaplanes was founded in 1982 and is based in Vancouver, British Columbia.

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Buyer(S) 1

DESCRIPTION

Krystal Growth Partners is a generalist private investment firm focused on acquiring or investing in lower middle-market companies throughout British Columbia. The Firm seeks profitable businesses with $10 to $100 million in revenue where ownership is looking to exit or for a growth-oriented partner. Krystal Growth Partners was originally established in 2004 and is headquartered in Vancouver.


DEAL STATS #
Overall 15 of 15
Sector: Airlines M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 10 of 10
State: British Columbia M&A 14 of 14
Country: Canada M&A 14 of 14
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-25 Enex Energy

Nanaimo, British Columbia, Canada

Enex Energy is a wholesale branded distributor of Esso Fuels and Mobil Lubricants. Enex provides high-quality fuels and lubricants through its wholly owned subsidiaries Enex Fuels, Fuelex Energy, and Peace Country Petroleum Sales. Through its affiliate companies, Enex serves commercial customers across Vancouver Island, Lower Mainland, and Northern B.C. and Alberta. The Company delivers to the aviation, forestry, mining, construction, and transportation industries as well as other commercial enterprises. Enex Energy was founded in 1977 and is based in Nanaimo, British Columbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-10 Magnum

Abbotsford, British Columbia, Canada

Magnum is manufacturing builds standard and custom trailers for forestry, highway, marine terminal, live animal haul, oil & gas. Magnum was founded in 1984 and is based in Abbotsford, British columbia.

Sell -