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Announced

Completed

Blade Air Mobility completed the acquisition of Trinity Air Medical.

Financials

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Transaction Value£17m
Consideration TypeCash, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Domestic

Transportation Services

Single Bidder

Acquisition

United States

air and ground transportation

Private

Friendly

Completed

Synopsis

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Blade Air Mobility, a technology-powered global air mobility platform, completed the acquisition of Trinity Air Medical, a nationwide, multi-modal organ logistics and transportation company. Financial terms were not disclosed. “Trinity’s end-to-end services integrate air missions with ground transport. Given the existence of landing pads at most hospitals today, we have the ability to immediately replace Trinity’s ambulances with helicopters on certain hospital-to-hospital missions, while preparing for a transition to both existing ‘last-mile’ cargo drones as well as Electric Vertical Aircraft, as soon as they become available,” Rob Wiesenthal, Blade CEO.

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