Transactions
March 30 2022
KippsDeSanto & Co. advises Blue Air Training, LLC, on its sale to Top Aces, a portfolio company of Clairvest Group Inc.
KippsDeSanto & Co. is pleased to announce the sale of Blue Air Training, LLC (“Blue Air” or the “Company”), to Top Aces, a portfolio company of Clairvest Group Inc. (“Clairvest”).
Headquartered in Las Vegas, Nevada, Blue Air is one of the preeminent providers of Close Air Support (“CAS”) training for U.S. and foreign military Joint Terminal Attack Controllers (“JTAC”). Blue Air offers a comprehensive, end-to-end suite of training services for JTAC, satisfying its CAS training requirements and ensuring combat readiness. Blue Air’s experienced military CAS instructor pilots provide customized training services designed in collaboration with each customer, including mission planning, logistics support, simulation, platform instruction, live / dry weapons control, day / night control, laser control, multiple asset replication, and mission debrief, among others.
As the pioneer of the CAS training market for JTACs, Blue Air has established an exceptional reputation and enduring relationships with customers such as the U.S. Air Force, the Air National Guard, and Special Operations Terminal Attack Controllers through their high-quality training services. The Company’s fleet of turboprop and jet aircraft and team of highly experienced fighter pilots, special operators, and operations personnel drive realistic and cost-efficient exercises, cultivating in Blue Air’s status as the sought-after industry partner.
Blue Air with Top Aces will be well positioned to capitalize on the fundamental tailwinds of contracted Adversary Air (“ADAIR”) and JTAC training services globally.
We believe this transaction highlights several key trends in the M&A market:
• Demand for companies with strong past performance and intimacy with well-funded customers
• Preeminent leaders within high barrier-to-entry industries are rare and highly sought-after in the market
• Attractiveness of operational synergies, complementary services, market know-how, and significant opportunities for growth
LEAD INVESTMENT BANKERS
Karl M. Schmidt
Sung Shin
KippsDeSanto & Co. is pleased to announce the sale of Blue Air Training, LLC (“Blue Air” or the “Company”), to Top Aces, a portfolio company of Clairvest Group Inc. (“Clairvest”).
Headquartered in Las Vegas, Nevada, Blue Air is one of the preeminent providers of Close Air Support (“CAS”) training for U.S. and foreign military Joint Terminal Attack Controllers (“JTAC”). Blue Air offers a comprehensive, end-to-end suite of training services for JTAC, satisfying its CAS training requirements and ensuring combat readiness. Blue Air’s experienced military CAS instructor pilots provide customized training services designed in collaboration with each customer, including mission planning, logistics support, simulation, platform instruction, live / dry weapons control, day / night control, laser control, multiple asset replication, and mission debrief, among others.
As the pioneer of the CAS training market for JTACs, Blue Air has established an exceptional reputation and enduring relationships with customers such as the U.S. Air Force, the Air National Guard, and Special Operations Terminal Attack Controllers through their high-quality training services. The Company’s fleet of turboprop and jet aircraft and team of highly experienced fighter pilots, special operators, and operations personnel drive realistic and cost-efficient exercises, cultivating in Blue Air’s status as the sought-after industry partner.
Blue Air with Top Aces will be well positioned to capitalize on the fundamental tailwinds of contracted Adversary Air (“ADAIR”) and JTAC training services globally.
We believe this transaction highlights several key trends in the M&A market:
• Demand for companies with strong past performance and intimacy with well-funded customers
• Preeminent leaders within high barrier-to-entry industries are rare and highly sought-after in the market
• Attractiveness of operational synergies, complementary services, market know-how, and significant opportunities for growth
LEAD INVESTMENT BANKERS
Karl M. Schmidt
Sung Shin
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