Jet Aviation acquires Hawker Pacific for $250 million
Jet Aviation, the Swiss-based business-aviation service provider, has acquired Hawker Pacific for $250 million in an all-cash transaction.
Hawker Pacific is an integrated aviation solutions provider, with locations across Asia-Pacific and the Middle East.
Jefferies, the global investment firm, acted as the sole financial advisor to SEACOR Holdings, and to BH Global Aviation, the previous owner of Hawker Pacific.
SEACOR Holdings, a domestic and international transportation and logistics and risk management consultancy owned 34.18% of Hawker Pacific’s ordinary shares, with BH Global Aviation, a private-equity fund operated by Britton Hill Holdings, owned the remaining 65.28%
“The acquisition of Hawker Pacific represents a significant step in expanding our footprint, capability and customer offer across Asia-Pacific and the Middle East,” said Rob Smith, president, Jet Aviation. “Hawker Pacific has a wide range of services including Civil MRO, Fleet Services, FBO Network and Aircraft Sales, enabling Jet Aviation to further expand its current portfolio, enter new markets, and reinforce the company’s position as one of the world’s leading business aviation service providers.”
Jefferies say that the sale reinforces the importance of the Asia-Pacific market as one of the fastest growing regions.
“We believe the company’s acquisition by Jet Aviation represents an excellent outcome for Hawker Pacific’s investors, employees and customers. ” said Alan Smith, CEO, Hawker Pacific “It builds on our strong values and passion for exceeding our customer’s expectations and I, on behalf of the management, am confident that the combination of the two companies will create a clear leader in the aviation space.”