Fundamental Advisors, an alternative asset manager focused on municipal, public purpose and community assets, has acquired Trans Aero.
Trans Aero provides fire suppression, utility and MedEvac services to municipal, government agency and hospital clients and communities across the US
“The aviation utility services market remains incredibly fragmented, and we're confident Trans Aero will be positioned to continue growing market share and solidifying its position as a leading provider of essential aviation services nationwide,” said Ryan Keane, senior managing director at Fundamental Advisors.
The company's fleet of 11 helicopters – including two Blackhawks, two Bell 205 A-1s and seven Airbus AS350-B3 A-Stars – will expand Fundamental's public service helicopter investment strategy and advance the firm's efforts to provide services and promote public safety through aviation across the US.