KAL CAPITAL ADVISES ON THE SALE OF PRIMEFLIGHT AVIATION SERVICES TO THE CARLYLE GROUP
LONG BEACH, CA, November 13, 2017 — SMS Holdings Group and The Carlyle Group announced today the sale of PrimeFlight Aviation Services. KAL Capital Markets LLC (“KAL Capital”) provided advisory services to SMS Holdings to support the sale of PrimeFlight.
Under leadership of SMS Holdings, PrimeFlight has grown the number of locations to 49 throughout the U.S. and the Caribbean, while growing revenues by 64% between 2014-2016.
Carlyle is currently in partnership with the former Landmark Aviation team, an entity they previously sold to BBA Aviation in 2015 for $2B. Carlyle is primed to deploy a significant amount of capital as they pursue a buy and build strategy in the aviation services space.
About PrimeFlight Aviation Services:
PrimeFlight Aviation Services, Inc. (“PrimeFlight”) is a leading provider of ground handling, aircraft appearance, and terminal services to all major airlines and airports in the United States and the Caribbean. PrimeFlight has served the aviation industry for nearly two decades. PrimeFlight is headquartered in Nashville, TN, and boasts a national footprint with operations in 49 airports with more than 5,000 employees.
About The Carlyle Group:
The Carlyle Group (“Carlyle”) is a global alternative asset manager with over $174 billion of A.U.M. across over 300 investment vehicles. Carlyle has been an active investor in the aviation services space. Notable acquisitions include Wesco, Landmark Aviation, StandardAero.
About KAL Capital Markets:
KAL Capital Markets is a boutique investment banking company that advises middle market clients on mergers, acquisitions, and accessing the capital markets. The firm’s professionals have an exceptional track record, rooted in deep relationships and experience in several industry verticals, with a focus on companies in the Aerospace & Defense and Industrial Growth sectors. For additional information, please visit KAL Capital’s website at www.kalcapitalmarkets.com.
Contact:
www.kalcapitalmarkets.com
Trevor Bohn
Partner
Tel: 562-269-4610
Email: trevor@kalcap.com
Ryan Murphy
Partner
Tel: 562-269-4611
Email: ryan@kalcap.com