M&A Deal Summary

Menzies Aviation Acquires ASIG Holdings

On September 16, 2016, Menzies Aviation acquired airliner ASIG Holdings from Signature Aviation for 202M USD

Acquisition Highlights
  • This is Menzies Aviation’s 8th transaction in the Airlines sector.
  • This is Menzies Aviation’s largest (disclosed) transaction.
  • This is Menzies Aviation’s 4th transaction in the United States.
  • This is Menzies Aviation’s 2nd transaction in Florida.

M&A Deal Summary
Date 2016-09-16
Target ASIG Holdings
Sector Airlines
Buyer(s) Menzies Aviation
Sellers(s) Signature Aviation
Deal Type Divestiture
Deal Value 202M USD

Target

ASIG Holdings

Orlando, Florida, United States
ASIG Holdings Corp. is one of the largest independent providers of commercial airline services in the world. Headquartered in Orlando, Florida, it currently has operations in 88 locations across seven countries and is one of the market leaders for into plane ("ITP") fuelling and fuel farm management ("FFM") services in North America and the UK, where it also has ground handling operations in high-traffic airports as well as small and medium sized airports.

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Buyer(S) 1

Buyer

Menzies Aviation

Edinburgh Park, United Kingdom
Category Company
Sector Aerospace
Revenue 1.4B USD (2021)
DESCRIPTION

Menzies Aviation is an aviation services business providing ground handling, cargo handling, cargo forwarding and into-plane (ITP) fuelling. Menzies Aviation is based in Edinburgh Park, United Kingdom.

DEAL STATS #
Overall 20 of 21
Sector (Airlines) 8 of 8
Type (Divestiture) 5 of 5
State (Florida) 2 of 2
Country (United States) 4 of 4
Year (2016) 1 of 1
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-01 Desacol S.A.

Bogotá, Colombia

Desacol S.A. is a provider of cargo handling services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-04 Menzies Distribution

Edinburgh, United Kingdom

Menzies Distribution operates a time-critical logistics network in Ireland, providing final mile delivery for over 100 million units each year and serving customers in the press, travel and third-party logistics sectors. While its core business involves strategic partnering with publishers to provide a sustainable route to market for their product, the company began a successful diversification strategy harnessing its unique in Ireland network capabilities to work with national parcel carriers and to develop an innovative solution for retailers. Menzies Distribution was founded in 1979 and is based in Edinburgh, United Kingdom.

Sell £75M

Seller(S) 1

SELLER

Signature Aviation

London, United Kingdom
Category Company
Founded 1879
Sector Aerospace
Employees6,469
Revenue 2.3B GBP (2019)
DESCRIPTION

Signature Aviation is a provider of global aviation support services focused on flight support services and the aviation aftermarket, primarily in the business and general aviation sector. Signature Aviation was founded in 1879 and is based in London, the United Kingdom.

DEAL STATS #
Overall 1 of 2
Sector (Airlines) 1 of 1
Type (Divestiture) 1 of 2
State (Florida) 1 of 1
Country (United States) 1 of 2
Year (2016) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-05 Landmark FBO

Houston, Texas, United States

Landmark FBO, LLC (“Landmark”) is a provider of fueling and ground support services to the general and commercial aviation markets through its network of fixed base operations (“FBOs”). Landmark is the 3rd largest network of FBOs in North America with a presence at high volume airports such as Washington Dulles and Los Angeles International. In addition to FBOs, the company provides MRO services, aircraft charter and management, aircraft fueling and information technology support services to the U.S. military through long-term contracts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-30 Ontic

Chatsworth, California, United States

Ontic is a provider of high-quality, OEM-licensed parts for legacy aerospace platforms. Ontic was founded in 1974 and is based in Chatsworth, California.

Sell $1.4B
Mergr

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