AVEX and Blackhawk will continue to operate independently while working together to expand New State’s aviation offerings and Blackhawk’s management will remain with the Company.
Blackhawk Aerospace (“Blackhawk” or “the Company”), a provider of aircraft performance improvements, has announced that the Company has sold a majority of its ownership to New State Aviation Holdings, the general aviation-focused platform of the middle-market private equity firm New State Capital Partners (“New State”).
“We are very excited to join New State Aviation Holdings and partner with the folks at AVEX,” said Jim Allmon, CEO, Blackhawk. “Our family of companies shares a singular focus: to increase an aircraft’s capabilities to unrivalled heights while maintaining the highest level of safety possible. We look forward to working with Chad [Cundiff] and the rest of the New State Aviation team to further expand our services,” he further added.
Blackhawk has joined New State’s anchor aviation investment, AVEX, a leading provider of sales and maintenance for the Daher TBM turboprop aircraft, which was acquired in December 2021. AVEX and Blackhawk will continue to operate independently while working together to expand New State’s aviation offerings. Blackhawk’s management will remain with the Company. The terms and conditions of the transaction were not disclosed.
“This transformative acquisition more than doubles the size of our business and allows us to expand aircraft platforms serviced,” said Chad Cundiff, CEO of New State Aviation Holdings. “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,” he further added.
Headquartered in Waco, TX, with more than 60 employees, Blackhawk provides engine upgrades for a broad range of turboprop models, improving an aircraft’s speed, safety, and climb capabilities, while extending engine life. The Company serves customers worldwide in the commercial and defense markets.
“We are thrilled to have Blackhawk join our platform”, added Daniel Han, Senior Principal at New State and Chairman of New State Aviation Holdings. “As the market leader in engine upgrades and STC development, Blackhawk represents a significant step towards our goal of being the premier service provider for the light turbine market. More importantly, the outstanding reputation and culture of Blackhawk, focused on people and customers first, will mesh seamlessly with that of AVEX. 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,” he further added.
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Blackhawk was founded in 1999 as Blackhawk Modifications, Inc., and added divisions for defense support, maintenance, avionics, composites, and aircraft sales by establishing locations in Huntsville, AL and Columbia, MO. Their experienced team and expansive capabilities have allowed Blackhawk to serve as a one-stop-shop for all things turboprop-related worldwide. The composites business is not included in the transition and will remain independent.
