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Blade Air Mobility Completes Acquisition Of Trinity Air Medical, Inc.

Sep 17, 2021•about 4 years ago

Acquiring Company

Blade Air Mobility

Acquired Company

Trinity Air Medical

New YorkAerospaceHealth Care

Description

Blade Air Mobility, Inc. (Nasdaq: BLDE, “Blade” or the “Company”), a technology-powered global air mobility platform, today announced the completion of the previously announced transaction to acquire Trinity Air Medical, Inc. (“Trinity”), a nationwide, multi-modal organ logistics and transportation company.

Company Information

Company

Blade Air Mobility

Location

New York, New York, United States

About

Blade Air Mobility, Inc. is an asset-light passenger air mobility and medical logistics company providing helicopter and fixed-wing air transportation for passengers, and for hospitals across the United States. The company aims to facilitate a seamless transition to Electric Vertical Aircraft (“EVA” or “eVTOL”), enabling lower cost air mobility that is both quiet and emission-free.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed