M&A Deal Summary

Modern Aviation Acquires Gateway USA

On December 26, 2018, Modern Aviation acquired aerospace company Gateway USA

Acquisition Highlights
  • This is Modern Aviation’s 3rd transaction in the Aerospace sector.
  • This is Modern Aviation’s 3rd transaction in the United States.
  • This is Modern Aviation’s 1st transaction in Washington.

M&A Deal Summary
Date 2018-12-26
Target Gateway USA
Sector Aerospace
Buyer(s) Modern Aviation
Deal Type Add-on Acquisition

Target

Gateway USA

Seattle, Washington, United States
Gateway USA LLC which operates one of the two main FBOs at Boeing Field ("KBFI") in Seattle, Washington. The FBO offers more than 65,000 square feet of hangar space, 18,000 square feet of terminal and office space, and aircraft maintenance, repair, and overhaul services via its Part 145 Repair Station. Gateway is also the exclusive authorized dealer and service center for Quest Kodiak in the Pacific Northwest.

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Buyer(S) 1

Buyer

Modern Aviation

New York, New York, United States
Category Company
Founded 2017
Sector Aerospace
DESCRIPTION

Modern Aviation is a platform company created to acquire and consolidate fixed-based operators (“FBOs”). Its FBOs hold long-term concessions at the airports where they operate and provide hangar space, fuel, and other aviation services. Modern Aviation was founded in 2017 and is based in New York City.

DEAL STATS #
Overall 3 of 7
Sector (Aerospace) 3 of 5
Type (Add-on Acquisition) 3 of 6
State (Washington) 1 of 1
Country (United States) 3 of 6
Year (2018) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-17 XJet World Holdings

Englewood, Colorado, United States

XJet World Holdings Ltd. is a private aviation company providing luxury service to aircraft owners and users. Headquartered in the United Arab Emirates, XJet provides its brand of award-winning service from its European hub at London’s Stansted Airport which includes more than 90,000 square feet of dedicated hangar space, that can accommodate two 747 aircraft simultaneously, as well as a 17,000 square foot Club House.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-27 Hill Aviation

Puerto Rico

Hill Aviation operates the sole FBO at Isla Grande Airport where it offers more than 91,000 square feet of hangar space and office space and has a long history of providing excellent customer service.

Buy -
Mergr

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