Generational Equity Advises Keenan Technical Industries in its Sale to Flightcheck Commercial Aviation Services
DALLAS–(BUSINESS WIRE)–Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Keenan Technical Industries, to Flightcheck Commercial Aviation Services (a portfolio company of Lineage Capital). The acquisition closed on December 15, 2023.
Since its founding in 1990, Keenan Technical Industries (KTI) has been a full-service provider of aircraft maintenance services to airline operators at Bradley International Airport (BDL) in Windsor Locks, Connecticut, and, starting in 2022, at Manchester-Boston Regional Airport (MHT). The Company prides itself on its outstanding customer service and highly trained aircraft maintenance mechanics.
Headquartered in Bensenville, Illinois, Flightcheck Commercial Aviation Services (Flightcheck) was founded in 2004 and provides line maintenance, de-icing, and ground handling services for domestic and international cargo and commercial airlines. With the addition of KTI, Flightcheck’s geographic footprint spans 10 locations across the United States.
“The acquisition of KTI marks an exciting milestone for Flightcheck,” said Wayne Jimerson, Flightcheck’s CEO and President. “KTI established a strong regional market position by providing best-in-class customer service and demonstrating an unwavering commitment to safety, making this a compelling opportunity to expand Flightcheck’s footprint into the Northeast region and deliver top-quality services to our customers across multiple locations. We are very pleased to welcome KTI mechanics to the Flightcheck family.”
Lineage Capital (Lineage) is a Boston-based private equity firm that invests exclusively in owner-managed businesses. Lineage’s unique partnership approach provides business owners with significant liquidity, while enabling them to retain a meaningful ownership stake in their company and continued control of the board of directors. Lineage focuses on high-quality, lower middle market businesses with EBITDA greater than $4 million that desire a value-added partner to facilitate their future growth and success.
Generational Equity Executive Managing Director, M&A-Technology Practice Leader, David Fergusson, Jeff Carignan, a Generational Group Authorized Affiliate, with the support of Managing Director, M&A, Corey Painter successfully closed the transaction. Executive Managing Director and Group Leader, Randy Kamin established the initial relationship with KTI.
About Generational Equity
Generational Equity, Generational Capital Markets (member FINRA/SIPC), Generational Wealth Advisors, Generational Consulting Group, and DealForce are part of the Generational Group, which is headquartered in Dallas and is one of the leading M&A advisory firms in North America.
With more than 350 professionals located throughout 16 offices in North America, the companies help business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. The Generational suite of advisory services includes strategic growth consulting, exit planning education, business valuation, value enhancement strategies, M&A services, digital services, and wealth management.
The M&A Advisor named Generational Equity Investment Banking Firm of the Year three years in a row, Valuation Firm of the Year in 2020, and North American Investment Bank of the Year in 2022 as well as Consulting Firm of the Year. The Global M&A Network named Generational USA Investment Bank of the Year in 2023. For more information visit https://www.genequityco.com/ or the Generational Equity press room.
Contacts
Carl Doerksen
972-342-0968
Source: caribbeannewsglobal.com