M&A Deal Summary

RLG Capital and Trinity Investors Acquire Kamaka Air

On February 20, 2022, private equity firms RLG Capital and Trinity Investors acquired transportation company Kamaka Air

Acquisition Highlights
  • This is RLG Capital’s 2nd and Trinity Investors’ 1st transaction in the Transportation sector.
  • This is RLG Capital’s 10th and Trinity Investors’ 15th transaction in the United States.
  • This is RLG Capital’s 1st and Trinity Investors’ 1st transaction in Hawaii.

M&A Deal Summary

Date 2022-02-20
Target Kamaka Air
Sector Transportation
Buyer(s) RLG Capital
Trinity Investors
Deal Type Buyout (LBO, MBO, MBI)

Target

Kamaka Air

Honolulu, Hawaii, United States
Kamaka Air is an inter-island air cargo charter service provider, based in Honolulu, Hawaii.

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Buyer(S) 2

DESCRIPTION

RLG Capital invests in companies with proven business models, sustainable market positions reliable cash flow & compelling growth potential, and partnering with management to develop and execute a growth strategy. RLG Capital was founded in 2013 and is based in Park City, Utah.


DEAL STATS #
Overall 10 of 10
Sector (Transportation) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 4 of 4
State (Hawaii) 1 of 1
Country (United States) 10 of 10
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-05 ELB Learning

American Fork, Utah, United States

ELB Learning provides a complete suite of integrated training development and delivery tools, including the leading authoring tool Lectora and virtual reality course builder CenarioVR. Learning developers can utilize these tools together with an extensive library of professionally designed eLearning templates, game modules, and courses. ELB Learning was founded in 2009 and is based in American Fork, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-01 Intellibed

Salt Lake City, Utah, United States

Intellibed is a sleep health and wellness company disrupting the sleep surface market using Intellibed to replace the traditional foam mattress. Intellibed is based in Salt Lake City, Utah.

Sell -
DESCRIPTION

Trinity Investors is a private equity firm focused on direct investments in real estate and operating companies. Trinity Investors was formed in 2006 and is headquartered in Southlake, Texas.


DEAL STATS #
Overall 16 of 19
Sector (Transportation) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 7 of 9
State (Hawaii) 1 of 1
Country (United States) 15 of 18
Year (2022) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-20 Star Plastics

Ravenswood, West Virginia, United States

Star Plastics is a producer of engineering grade plastic custom color compounds and a provider of tolling and polymer sourcing services. Star Plastics was founded in 1988 and is based in Ravenswood, West Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-22 Freedom Powersports

Fort Worth, Texas, United States

Freedom Powersports is a power sports dealer that specializes in selling & servicing power sports equipment. Freedom sells motorcycles, ATVs, UTVs, boats, personal watercraft, and other recreational vehicles. Freedom Powersports was formed in 2012 and is based in Fort Worth, Texas.

Sell $130M