M&A Deal Summary

MAG Aerospace Acquires Time Saver Aviation

On August 19, 2019, MAG Aerospace acquired aerospace company Time Saver Aviation

Acquisition Highlights
  • This is MAG Aerospace’s 3rd transaction in the Aerospace sector.
  • This is MAG Aerospace’s 4th transaction in the United States.
  • This is MAG Aerospace’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2019-08-19
Target Time Saver Aviation
Sector Aerospace
Buyer(s) MAG Aerospace
Deal Type Add-on Acquisition

Target

Time Saver Aviation

Sanford, North Carolina, United States
Time Saver Aviation LLC is a commercial aerial charter and aircraft maintenance services provider in the North Carolina region and supports its customers by providing on-demand aviation services and general aviation maintenance support. Time Saver Aviation was founded in 2002 and is based in Sanford, North Carolina.

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Buyer(S) 1

Buyer

MAG Aerospace

Sterling, 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's team of 1,000+ professionals operate 200+ manned and unmanned special mission aircraft, delivering ~100,000 flight hours annually on 6 continents in support of its customers' missions.

DEAL STATS #
Overall 6 of 7
Sector (Aerospace) 3 of 3
Type (Add-on Acquisition) 6 of 7
State (North Carolina) 1 of 1
Country (United States) 4 of 5
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-26 Encore Aviation Pty

Forest Hill, Australia

Encore Aviation Pty Ltd. is a maintenance organization supporting General Aviation in Australia and provides home base and deployed engineering and maintenance services to a wide variety of fixed and rotary wing aviation organizations including those contracted to the National Aerial Firefighting Centre in Melbourne.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-16 AASKI Technology

Tinton Falls, New Jersey, United States

AASKI Technology, Inc. provides independent consulting to customers with an emphasis on delivering quality services at a reasonable cost, but most importantly driving results. AASKI Technology was founded in 1997 and is based in Tinton Falls, New Jersey.

Buy -
Mergr

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