M&A Deal Summary

Lineage Capital Acquires Flightcheck Commercial Aviation Services

On January 31, 2020, private equity firm Lineage Capital acquired aerospace company Flightcheck Commercial Aviation Services

Acquisition Highlights
  • This is Lineage Capital’s 1st transaction in the Aerospace sector.
  • This is Lineage Capital’s 12th transaction in the United States.
  • This is Lineage Capital’s 1st transaction in Illinois.

M&A Deal Summary
Date 2020-01-31
Target Flightcheck Commercial Aviation Services
Sector Aerospace
Buyer(s) Lineage Capital
Deal Type Recapitalization

Target

Flightcheck Commercial Aviation Services

Bensenville, Illinois, United States
Flightcheck Commercial Aviation Services provides line maintenance, deicing, and ground handling services for domestic and international cargo and commercial airlines. Flightcheck Commercial Aviation Services was founded in 2004 and is based in Bensenville, Illinois.

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Buyer(S) 1

Buyer

Lineage Capital

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2003
PE ASSETS 160M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Lineage Capital is a private investment firm focused on acquiring interests in family-controlled and owner-managed middle-market businesses. The Firm targets businesses with EBITDA of $4 million or greater. Lineage looks for control or minority investment situations and will consider opportunities throughout North America. Lineage Capital was formed in 2003 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 12 of 20
Sector (Aerospace) 1 of 1
Type (Recapitalization) 6 of 8
State (Illinois) 1 of 1
Country (United States) 12 of 20
Year (2020) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-08 Syracuse Glass Company

Syracuse, New York, United States

Syracuse Glass Company is an architectural glass and metal fabricator serving contract glaziers, glass retailers, and window manufacturers for residential and commercial applications. Syracuse Glass Company was founded in 1909 and is based in Syracuse, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-04 LMG Holdings

Blue Ash, Ohio, United States

LMG Holdings is a provider of ignition interlock devices (IIDs) used to help prevent drunk driving. LMG operates three market-leading brands: LifeSafer, Monitech and Guardian, and serves clients and monitoring agencies in the U.S. and Canada through its network of more than 1,500 authorized service centers. LMG Holdings was founded in 1991 and is based in Blue Ash, Ohio.

Sell -
Mergr

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