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New Deal


Announced

Completed

Modern Aviation completed the acquisition of Columbia Air Services and Mystic Jet Center.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

air transportation

aviation maintenance

Domestic

United States

Airlines

Acquisition

Aerospace

Majority

Private

Friendly

Single Bidder

Synopsis

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Modern Aviation, a platform company focused on developing and acquiring fixed base operators, completed the acquisition of Columbia Air Services, a company that provides factory authorized maintenance to the general and corporate aviation, and Mystic Jet Center, an air transportation company. Financial terms were not disclosed. “We are thrilled to have officially expanded our footprint in the Northeast. On behalf of Modern Aviation, I’d like to extend a warm welcome to our new team members and customers at these three terrific locations. We look forward to continuing Mystic Jet Center’s and Columbia Air Services’ history of providing outstanding customer service and safety,” Mark Carmen, Modern Aviation CEO.

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