Midlantic Jet

Midlantic Jet is a full-service fixed-base operator (FBO), professional air charter service and aircraft management company based at Atlantic City International Airport. Midlantic Jet provides fueling, hangar storage, maintenance and ground services to several major airlines and retail customers.

has been acquired by

a portfolio company of

Aerospace Services

Situation

Midlantic Jet retained BlackArch to manage the sale of the company, seeking to leverage BlackArch’s deep fixed-base operator advisory experience.

BlackArch’s Customized Solution

BlackArch’s marketing process was tailored to showcase Midlantic Jet to a very concentrated, select group of suitable strategic partners. Marketing materials emphasized Midlantic Jet as a high-quality asset in Atlantic City, a growing destination location.

Outcome

Midlantic Jet Aviation was acquired by Landmark Aviation, a portfolio company of The Carlyle Group.

Industries:

Aerospace & Defense

Location:

Egg Harbor Township, NJ

Transaction type:

Sellside Advisory