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New State Aviation Holdings Acquires Finnoff Aviation Products

Jun 15, 2023•over 2 years ago

Acquiring Company

New State Aviation Holdings

Acquired Company

Finnoff Aviation Products

AerospaceAerospaceManufacturing

Description

New State Capital Partners ("New State") announced today that its general aviation-focused platform, New State Aviation Holdings ("NS Aviation"), has acquired Finnoff Aviation Products ("Finnoff" or "the Company"), a leading provider of aircraft upgrades for the Pilatus PC-12. Finnoff joins NS Aviation's existing investments in Blackhawk Aerospace, a recognized leader in aircraft performance improvements, and AVEX Aviation, a leading provider of sales and maintenance for the TBM series of aircraft. Founder Chris Finnoff and the management team will remain with the company. Terms of the transaction were not disclosed.

Company Information

Company

New State Aviation Holdings

About

New State Aviation Holdings was established in December 2021 as a premier provider of sales, services, and upgrades for the light turbine market. The platform includes market leaders such as Blackhawk Aerospace, a provider of engine, aircraft, and avionics upgrades, as well as AVEX Aviation, a provider of sales and maintenance for the Daher TBM. For more information visit www.newAVEX.com and www.blackhawk.aero

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