M&A Deal Summary

O2 Investment Partners Acquires First Class Air Support

On January 28, 2020, private equity firm O2 Investment Partners acquired aerospace company First Class Air Support

Acquisition Highlights
  • This is O2 Investment Partners’ 2nd transaction in the Aerospace sector.
  • This is O2 Investment Partners’ 14th transaction in the United States.
  • This is O2 Investment Partners’ 2nd transaction in Kentucky.

M&A Deal Summary
Date 2020-01-28
Target First Class Air Support
Sector Aerospace
Buyer(s) O2 Investment Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) XLCS Partners, Inc. (Financial)

Target

First Class Air Support

Louisville, Kentucky, United States
First Class Air Support is a provider in the aerospace aftermarket and a premier supplier of components to the global cargo aviation industry. First Class Air Support was established in 2001 and is based in Louisville, Kentucky.

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Buyer(S) 1

Buyer

O2 Investment Partners

Bloomfield Hills, Michigan, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2011
Size Small
Type Sector Agnostic
DESCRIPTION

O2 Investment Partners is a Midwest US-based private equity group that acquires majority interests in small and mid-sized businesses operating in traditional industries, including manufacturing, niche distribution, select service and technology businesses. Target companies typically have stable cash flows, sustainable and defensible business models, and growth potential. O2 Investment Partners was formed in the year 2010 and is based in Bloomfield Hills, Michigan.

DEAL STATS #
Overall 15 of 23
Sector (Aerospace) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 7 of 8
State (Kentucky) 2 of 2
Country (United States) 14 of 22
Year (2020) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-28 Cargo Repair

Louisville, Kentucky, United States

Cargo Repair is an FAA and EASA 145 certified repair station specializing in the repair and overhaul of cargo loading systems and components. Cargo Repair was established in 2012 and is based in Louisville, Kentucky.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-01 SIB Fixed Cost Reduction

Charleston, South Carolina, United States

SIB Fixed Cost Reduction is a spend-management consulting firm that offers shared-savings solutions plus robust vendor-management and utility service offerings. SIB Fixed Cost Reduction was founded in 2008 and is based in Charleston, South Carolina.

Buy -
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