Private equity firm New State Aviation Holdings today announced the purchase of aircraft performance company Blackhawk Aerospace in a deal that complements its December 2021 acquisition of TBM dealer Avex. Founded in 1999, Waco, Texas-headquartered Blackhawk develops engine upgrades for turboprop airplanes and provides aircraft modifications. It has more than 60 employees.
“This transformative acquisition more than doubles the size of our business and allows us to expand aircraft platforms serviced,” said New State Aviation CEO Chad Cundiff. “Avex is a market leader in sales, brokerage, and maintenance of the Daher TBM, and Blackhawk is the market leader in turboprop engine upgrades. Together, they will allow New State Aviation Holdings to offer a broader suite of services and meet more needs of light turbine aircraft owners, across a variety of aircraft manufacturers.”
Daniel Han, senior principal at New State Capital and chairman of New State Aviation, said the deal is “a significant step towards our goal of being the premier service provider for the light turbine market. We believe this combination will build on the strengths at Avex, expand our capabilities and enable us to provide the highest levels of service, quality, and expertise in general aviation.”