M&A Deal Summary

Wheels Up Acquires Avianis Systems

On September 23, 2019, Wheels Up acquired aerospace company Avianis Systems

Acquisition Highlights
  • This is Wheels Up’s 2nd transaction in the Aerospace sector.
  • This is Wheels Up’s 2nd transaction in the United States.
  • This is Wheels Up’s 1st transaction in Texas.

M&A Deal Summary
Date 2019-09-23
Target Avianis Systems
Sector Aerospace
Buyer(s) Wheels Up
Deal Type Add-on Acquisition

Target

Avianis Systems

Austin, Texas, United States
Avianis Systems LLC is a private aviation technology company that provides an advanced Flight Management System ("FMS") for private aircraft owners, operators, management companies, charter brokers, and flight departments.

Search 201,157 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Wheels Up

New York, New York, United States
Category Company
Founded 2013
Sector Airlines
DESCRIPTION

Wheels Up is a provider of private aviation services in the U.S. through a fleet of owned, managed, and third-party planes. Its mission is to connect flyers to private aircraft and one another to deliver exceptional, personalized experiences. Wheels Up was founded in 2013 and is based in New York City.

DEAL STATS #
Overall 2 of 5
Sector (Aerospace) 2 of 4
Type (Add-on Acquisition) 2 of 5
State (Texas) 1 of 1
Country (United States) 2 of 3
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-03 Travel Management

Elkhart, Indiana, United States

Travel Management Co. is the largest wholesale-focused light jet operator in the U.S. Based in Elkhart, Indiana (EKM), the company owns and operates a uniform fleet of 26 Hawker 400XPs, which primarily service wholesale charter customers for their on-demand private charter flights east of the Mississippi.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-02 Gama Aviation

Hampshire, United Kingdom

Gama Aviation Ltd. is a private jet group whose activities include private jet management, charter services, avionics, interior design and refurbishment, aircraft maintenance, leasing, and ownership. The Group operates out of the UK (Farnborough airport), the US (Connecticut, Teterboro) and the Middle East (Sharjah International Airport).

Buy -
Mergr

Product

Company

Legal