William Blair acted as the sole financial advisor to Truman Arnold Company’s FBO Network (TAC Air) in connection with its outright sale of all operations to Signature Flight Support (Signature), a portfolio company of Blackstone, Global Infrastructure Partners, and Cascade Investments, and subsequently as the sole financial advisor to Signature in its divestiture of three overlapping TAC Air locations to Atlantic Aviation, a portfolio company of Kohlberg Kravis Roberts (KKR). Both transactions closed on July 1, 2022.
About the Companies
Founded in 1969, Tac Air is a world-class provider of FBO services and operates first-class FBO facilities and hangars strategically located at accessible airports in major markets across the United States. The company provides a wide range of aircraft ground handling and corporate flight support services, including fueling and line services, ground transportation, catering, deicing, and hangar and ramp space.
Signature, the world’s largest provider of FBO services in the United States and a global leader in general aviation, operates more than 200 locations around the world and more than 120 locations within the United States.
Atlantic Aviation is a leading provider of FBO services and is recognized as a hallmark of business aviation. Atlantic Aviation is majority owned by KKR.
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