Add-on Acquisition • Aerospace

MRO Holdings Acquires Flightstar Aircraft Services

On September 3, 2016, MRO Holdings acquired aerospace company Flightstar Aircraft Services from NexPhase Capital

Acquisition Context
  • This is MRO Holdings’ 1st transaction in the Aerospace sector.
  • This is MRO Holdings’ 1st transaction in the United States.
  • This is MRO Holdings’ 1st transaction in Florida.

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M&A Deal Summary

Date September 3, 2016
Target Flightstar Aircraft Services
Sector Aerospace
Buyer(s) MRO Holdings
Sellers(s) NexPhase Capital
Deal Type Add-on Acquisition
Advisor(s) Parr Brown Gee & Loveless (Legal)

Target Company

Flightstar Aircraft Services

Jacksonville, Florida, United States
Flightstar Aircraft Services LLC is a provider of maintenance, repair and modification services to operators of transport category aircraft, including air carriers, cargo companies and aircraft lessors.
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Buyer Overview 1

Buyer

MRO Holdings

Irving, Texas, United States

Category Company
Founded 2016
Sector Aerospace
DESCRIPTION

MRO Holdings is an aviation services provider, partnering with some of the airlines in the Americas, offering airframe maintenance, repair, and overhaul solutions. MRO Holdings was founded in 2016 and is based in Irving, Texas.


Deal Context for Buyer #
Overall 1 of 1
Sector: Aerospace 1 of 1
Type: Add-on Acquisition 1 of 1
State: Florida 1 of 1
Country: United States 1 of 1
Year: 2016 1 of 1

Seller Profile 1

SELLER

NexPhase Capital

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2007
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

NexPhase Capital is the private equity investment arm of investment bank Moelis & Company. The firm targets growth equity and control buyouts requiring equity investments of $40 to 225 million. NexPhase Capital has particular interest in the business services, consumer and retail, financial services, healthcare services, industrial and telecom industries. NexPhase Capital was formed in 2007 and is based in New York, New York.


Deal Context for Seller #
Overall 8 of 24
Sector: Aerospace 1 of 2
Type: Add-on Acquisition 3 of 10
State: Florida 1 of 2
Country: United States 8 of 23
Year: 2016 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-27 Kinsale Capital Group

Richmond, Virginia, United States

Kinsale Capital Group is a domestic excess and surplus lines insurance company specializing in hard-to-place property, casualty and specialty risks. Kinsale Capital Group was founded in 2009 and is based in Richmond, Virginia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-14 Inside Real Estate

Murray, Utah, United States

Inside Real Estate provides residential real estate brokers and agents with a cloud-based software platform and marketing solution to help brokers intelligently engage prospective home buyers and sellers, dramatically simplify the buying and selling processes and uses analytics to identify specific actions for improving performance. Inside Real Estate is based in Murray, Utah.

Buy -