Buyout (LBO, MBO, MBI) • Aerospace

Nautic Partners and TJC Acquire Milestone Aviation Group

On August 16, 2010, private equity firms Nautic Partners and TJC acquired aerospace company Milestone Aviation Group for 550M USD

Acquisition Context
  • This is Nautic Partners’ 1st and TJC’s 1st transaction in the Aerospace sector.
  • This is Nautic Partners’ and TJC’s 9th largest (disclosed) transaction.
  • This is Nautic Partners’ 34th and TJC’s 23rd transaction in the United States.
  • This is Nautic Partners’ 2nd and TJC’s 2nd transaction in Ohio.
Investment Fate
  • Milestone Aviation Group was sold to a strategic buyer in 2015 for 1.8B USD.

Explore All 279 Buyout (LBO, MBO, MBI) Aerospace Deals - Search the Database Free


M&A Deal Summary

Date August 16, 2010
Target Milestone Aviation Group
Sector Aerospace
Buyer(s) Nautic Partners
TJC
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 550M USD

Target Company

Milestone Aviation Group

Columbus, Ohio, United States
Milestone Aviation Group Limited ("Milestone") is the first global aircraft leasing company exclusively focused on helicopters and private jets. Headquartered in Dublin, Ireland, Milestone will be led by Rich Santulli, founder of NetJets and RTS Helicopters. Milestone provides aircraft owners and operators worldwide with personalized financing options not otherwise available.
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Buyers Overview 2

Buyer

Nautic Partners

Providence, Rhode Island, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 9.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Nautic Partners is a private equity firm focused on middle-market company investments based in the US. Nautic looks to invest $50 to $400 million of equity in businesses valued between $100 million and $1 billion. Nautic's industry focus is business services, manufacturing, healthcare, and communications. Prospective investment structures include buyouts, recapitalizations, consolidations, and growth financings. Nautic prefers majority investment positions. Nautic Partners was formed in 1986 and is based in Providence, Rhode Island.


Deal Context for Buyer #
Overall 35 of 83
Sector: Aerospace 1 of 1
Type: Buyout (LBO, MBO, MBI) 20 of 33
State: Ohio 2 of 5
Country: United States 34 of 82
Year: 2010 2 of 2
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-18 Medegen

Ontario, California, United States

Medegen, LLC provides medical devices, components, and contract manufacturing services to healthcare, medical device, and pharmaceutical manufacturer industries in the United States and internationally.

Sell $225M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-26 Gaymar Industries

Orchard Park, New York, United States

Gaymar Industries is a leading designer and manufacturer of pressure ulcer management systems and temperature management systems for patients in acute care and alternate care settings. Gaymar's products include mattress overlays, mattress replacement systems, air and water based body temperature management systems, and blood/fluid warming systems.

Sell $150M
Buyer

TJC

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
PE ASSETS 14.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TJC is a private investment firm that specializes in acquiring North American middle-market businesses operating in basic industries. TJC specifically looks to provide liquidity for shareholders, raise capital for corporate growth and 'create significant equity opportunities for key management'. TJC will consider opportunities valued from $100 million to $2 billion in a wide variety of industries. Sectors of interest include aerospace/defense, automotive, building products, chemicals, consumer products, distribution, energy, financial services, healthcare, industrial products, insurance, metals, packaging, retail, transportation/logistics, and telecom. TJC was formerly known as The Jordan Company. The Firm was formed in 1982 and is based in New York City.


Deal Context for Buyer #
Overall 25 of 96
Sector: Aerospace 1 of 2
Type: Buyout (LBO, MBO, MBI) 17 of 32
State: Ohio 2 of 7
Country: United States 23 of 92
Year: 2010 1 of 1
Size (of disclosed) 9 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-27 AssuraMed

Twinsburg, Ohio, United States

AssuraMed, previously known as HGI Holding, Inc., is a leading mail-order, direct-to-consumer provider of disposable medical products to chronic disease patients. AssuraMed operates through its Edgepark Medical Supplies and Independence Medical divisions, offering its large and fragmented customer base more than 30,000 products addressing a diverse set of chronic disease market segments including ostomy, diabetes, urological, enteral, incontinence and wound care.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-01 Gear For Sports

Lenexa, Kansas, United States

Gear For Sports, Inc. is a seller of licensed logo apparel in collegiate bookstores and other channels.

Sell $55M