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Elevate Holdings Acquires Keystone Aviation To Expand Aircraft Management Services And Scale High-Touch Business Aviation Experiences

Jan 06, 2022•almost 4 years ago

Acquiring Company

Elevate Holdings

Acquired Company

Keystone Aviation

Media And EntertainmentTravel And Tourism

Description

Elevate Holdings, Inc. announces the acquisition of U.S.-based Keystone Aviation, a leading provider of aircraft charter, management, and certified aviation maintenance services. The strategic combination unites two well-established aviation companies with extensive international client bases and long histories of serving the business aviation needs of corporate, government, individual and higher education clients.

Company Information

Company

Elevate Holdings

About

Elevate Holdings, established in 2003, provides air transportation, travel consultancy and aircraft management services to some of the most recognized names in business, sports, entertainment, government and higher education. Elevate Holdings' wholly-owned subsidiaries, Private Jet Services Group, Elevate Jet, share a mission to provide aircraft owners and flyers unsurpassed service, safety and council. Whether clients require charter flights, large group travel, aircraft management services, or aircraft acquisition services, Elevate Holdings delivers highly-personalized solutions to meet each client's unique needs.

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