Date
Dec 2020
Region
Georgia
We are pleased to share the sale of our client, The Maintenance Group, Inc., to Elliott Aviation. The acquisition closed December 31, 2020 and details were not disclosed.
Located in Atlanta, Georgia, The Maintenance Group (TMG) is equipped to handle major airframe inspections, structural repairs & modifications, wing corrosion repair, DAR import/export airworthiness approvals, STC installation & certification projects, and pre-purchase inspections.
TMG operates from DeKalb Peachtree Airport (PDK), which is located approximately 12 miles northeast of downtown Atlanta. Through its three entities, TMG is a full-service provider of aircraft MRO services including general maintenance, avionics, heavy structural repairs, and custom interior design and installation; the company also supplies aircraft parts and jet fuel.
In addition to being certified as a repair station with the FAA, TMG Group maintains an STC2 certification, which enables the company to install satellite antennas on aircraft. TMG offers professional maintenance services on Gulfstream, Challenger, Falcon, Hawker, Learjet, Citation, Astra, and Beechjet aircraft. The company caters to private jet owners (primarily high-net-worth individuals, including corporate executives). Over the course of its 24-year history, the company has developed an outstanding reputation in its niche market and is well known for the reliability and quality of its service and its technical expertise.
Elliott Aviation is a diversified aviation services company with three Midwest locations in Minneapolis, Minnesota, Des Moines, Iowa and Moline, Illinois. Elliott Aviation is known as a world-class provider of comprehensive and customer-focused solutions for business aviation, no service organization anywhere can top their on-time, on-budget shop service record. The company has been a leader in business aviation services since 1936. Elliott Aviation is a portfolio company of Summit Park, a Charlotte, North Carolina-based private investment firm focused exclusively on the lower middle market.
Elliott Aviation’s current locations are authorized service facilities for Beechjet 400A/Hawker 400XP, Hawker, King Air, and Premier. Elliott Aviation is also an authorized service center for Embraer Legacy 400/500, Phenom 100/300, and TBM. Additionally, they regularly utilize their approvals within their 145-repair station for Challenger 300/604/605, several Learjet models, and most models of Cessna Citation. The acquisition of TMG adds an additional 40,000+ square feet to Elliott Aviation’s nationwide footprint.
“For 25 years, we’ve built long-standing partnerships with customers in the Atlanta metro area and throughout the United States. Customers have trusted us because they know they can receive excellent service at a fair price,” said Dan Furlong, owner of The Maintenance Group.
“We’re happy to partner with Elliott Aviation because they share the same values that have driven our company since the ‘90s.”
“Elliott Aviation has been on a mission to expand our MRO footprint to a southeast-based maintenance location and increase our capabilities to new airframes for nearly a year,” said Greg Sahr, CEO of Elliott Aviation.
“We are happy to welcome a highly-talented group of experienced maintenance technicians in a geography that will help us expand our overall maintenance capabilities. We’ve built our 85-year-old brand on providing unmatched quality, uncompromising integrity, and unbeatable service, and we’re looking forward to providing this same level of great service to both our customers and employees in Atlanta.”
Generational Equity Executive Managing Director, M&A-Technology Practice Leader, David Fergusson, and his team led by Sr. Managing Director Southeastern Region, Julie Sandoval, with the support of Vice President Mergers & Acquisitions, Alex Mironov, successfully closed the deal. Senior Managing Director Doug Morrow established the initial relationship with TMG.
“It was a pleasure working with Dan and Betty Furlong and the SummitPark/Elliott Aviation team; this was a clear fit. We are thrilled to have been a part of the process,” said Sandoval.
If you’d like to explore other transactions our associates have supported in this industry, visit our dedicated Technology M&A Deals page.
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