Add-on Acquisition • Aerospace

MAG Aerospace Acquires Discovery Air Fire Services

On April 17, 2017, MAG Aerospace acquired aerospace company Discovery Air Fire Services

Acquisition Context

This is MAG Aerospace’s 1st transaction in the Aerospace sector.
This is MAG Aerospace’s 1st transaction in Canada.
This is MAG Aerospace’s 1st transaction in Ontario.

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M&A Deal Summary
Date	April 17, 2017
Target	Discovery Air Fire Services
Sector	Aerospace
Buyer(s)	MAG Aerospace
Deal Type	Add-on Acquisition

Target Company

Discovery Air Fire Services

Dryden, Ontario, Canada

Discovery Air Fire Services, Inc. is an aerial operations company with primary bases in Dryden, Kenora, and Sudbury Ontario. DAFS is focused on the provision of Airspace and Aircraft Management (Birddog) services, as well as Aerial Fire Surveillance and Air Charter.

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Buyer Overview 1

Buyer

MAG Aerospace

Fairfax, Virginia, United States

Category	Company
Founded	2009
Sector	Aerospace

DESCRIPTION

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.

Deal Context for Buyer	#
Overall	1 of 7
Sector: Aerospace	1 of 3
Type: Add-on Acquisition	1 of 7
State: Ontario	1 of 1
Country: Canada	1 of 1
Year: 2017	1 of 2

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2017-10-30	Avenge Sterling, Virginia, United States Avenge, Inc. is a veteran-owned aerospace company specializing in Manned ISR (Intelligence, Surveillance, Reconnaissance) Operations and Training. Avenge has amassed over 400,000 hours of fixed-wing ISR operations experience and also offers pilot and sensor operator flight training for US military personnel and foreign partners.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2017-10-30

Avenge

Sterling, Virginia, United States

Avenge, Inc. is a veteran-owned aerospace company specializing in Manned ISR (Intelligence, Surveillance, Reconnaissance) Operations and Training. Avenge has amassed over 400,000 hours of fixed-wing ISR operations experience and also offers pilot and sensor operator flight training for US military personnel and foreign partners.

Buy

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