M&A Deal Summary

Wheels Up Acquires Mountain Aviation

On January 5, 2021, Wheels Up acquired aerospace company Mountain Aviation

Acquisition Highlights
  • This is Wheels Up’s 4th transaction in the Aerospace sector.
  • This is Wheels Up’s 3rd transaction in the United States.
  • This is Wheels Up’s 1st transaction in Colorado.

M&A Deal Summary
Date 2021-01-05
Target Mountain Aviation
Sector Aerospace
Buyer(s) Wheels Up
Deal Type Add-on Acquisition

Target

Mountain Aviation

Broomfield, Colorado, United States
Mountain Aviation provides the Colorado Rocky Mountain Region with premier charter and owner-operated aircraft services for more than twenty years. With 24-hour scheduling service, flight tracking, and unmatched Citation Jet fleet availability, Mountain Aviation has emerged as the pacesetter in corporate aviation in the Colorado Rocky Mountain Region. The company offers executive charter services, aircraft management programs (our exclusive Corporate Aviation Solutions Programs) aviation consulting including aircraft acquisitions and sales. It is an FAA Air Carrier with worldwide charter experience and an AR/GUS Platinum Rating record of safety. Mountain Aviation has aircraft based in Denver, Fort Collins, Colorado, and Boise, Idaho.

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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 4 of 5
Sector (Aerospace) 4 of 4
Type (Add-on Acquisition) 4 of 5
State (Colorado) 1 of 1
Country (United States) 3 of 3
Year (2021) 1 of 1
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-01 Air Partner

Gatwick, United Kingdom

Air Partner is a provider of private aviation services to industry, commerce, governments and private individuals worldwide. Air Partner was founded in 1961 and is based in Gatwick, United Kingdom.

Buy $109M
Mergr

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Company

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