AE Industrial Partners has acquired a majority stake in Yingling Aviation. Yingling Aviation is the provider of maintenance, repair and overhaul (MRO) and fixed-base operator (FBO) services to business aviation and government customers throughout the United States.
"We have known Yingling Aviation and its owners for several years and are excited to be partnering with them to continue to build this leading platform serving the needs of business aircraft owners and operators," said Jon Nemo, Senior Partner at AEI. "This investment represents the beginning of our strategic vision of creating a unique, independent platform of scale providing best-in-class services within this growing market."
"Yingling Aviation is a very well-recognized brand within the business aviation market and the Wichita community," said Lynn Nichols, Chairman and CEO, Yingling Aviation. "Our partnership with AEI represents another key milestone in our growth story and we look forward to having a partner with their knowledge and operating experience in our market."
Akerman & Co LLP served as legal advisor to AEI. Arn Mullins Unruh Kuhn & Wilson and Klenda Austerman served as legal advisors to Yingling Aviation. Terms of the transaction were not disclosed.