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Generational Equity Advises The Maintenance Group in its Sale to Elliott Aviation

By Generational Equity

Jan 13, 2021, 07:00 et

The Maintenance Group

Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its 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.

About Generational Equity

Generational EquityGenerational Capital Markets (member FINRA/SIPC), Generational Wealth AdvisorsGenerational Consulting Group, and DealForce are part of the Generational Group, which is headquartered in Dallas and is one of the leading M&A advisory firms in North America.

With over 250 professionals located throughout North America, the companies help business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. Their six-step approach features strategic and tactical growth consulting, exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.

The M&A Advisor named the company the 2017 and 2018 Investment Banking Firm of the Year and 2020 Valuation Firm of the Year. For more information, visit https://www.genequityco.com/ or the Generational Equity press room.

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