Harris Williams Advises Elliott Aviation, LLC on its Majority Recapitalization by Summit Park
04 February 2020 - 4:34AM
Business Wire
Harris Williams, a global investment bank specializing in
M&A advisory services, announces that it advised Elliott
Aviation, LLC on its majority recapitalization by Summit Park.
Elliott Aviation is a second-generation, family-owned business
aviation company. The transaction was led by Doug Kinard, Chris
Rogers, David Jones and Jon Behrendt of the Harris Williams
Aerospace, Defense & Government Services (ADG) Group.
“Under the leadership of the Elliott family and the senior
management team, Elliott Aviation has become a world-class provider
of comprehensive, customer-focused solutions for the business
aviation industry,” said Doug Kinard, a director at Harris
Williams. “It has been a pleasure to work with the Elliott Aviation
team on this transaction and we are excited to watch the continued
success of the business in partnership with Summit Park.”
“This transaction further extends Harris Williams’ track record
of exceptional outcomes in both aviation services and the aerospace
aftermarket. Heading into 2020, these are segments of the market
where we are seeing significant activity and tremendous investor
demand,” said Chris Rogers, a managing director at Harris
Williams.
Elliott Aviation has been developing and delivering aviation
solutions to their partners for over 80 years. As one of the
longest-standing companies in aviation, the company offers a
complete menu of high-quality products and services including
aircraft sales (as Elliott Jets), avionics service and
installations, aircraft maintenance, accessory repair and overhaul,
and paint and interior. Serving the business aviation industry
nationally and internationally, they have facilities in Moline,
Illinois; Des Moines, Iowa and Minneapolis, Minnesota. The company
is a member of the Pinnacle Air Network, National Business Aviation
Association (NBAA), General Aviation Manufacturers Association
(GAMA), National Air Transportation Association (NATA) and
International Aircraft Dealers Association (IADA).
Summit Park is a Charlotte, North Carolina-based private
investment firm focused exclusively on the lower middle market. The
firm invests across a range of industries, including business and
consumer services, light manufacturing and value-added distribution
in the Eastern half of the United States. The firm’s capital can be
used to facilitate a change in ownership, to support expansion and
growth, to provide partial liquidity to existing owners, or to
support an industry consolidation plan.
Harris Williams, an investment bank specializing in M&A
advisory services, advocates for sellers and buyers of companies
worldwide through critical milestones and provides thoughtful
advice during the lives of their businesses. By collaborating as
one firm across Industry Groups and geographies, the firm helps its
clients achieve outcomes that support their objectives and
strategically create value. Harris Williams is committed to
execution excellence and to building enduring, valued relationships
that are based on mutual trust. Harris Williams is a subsidiary of
the PNC Financial Services Group, Inc. (NYSE: PNC).
The Harris Williams ADG Group offers strategic advice to a
global base of leading aerospace, defense and government services
clients. For more information on the ADG Group and other recent
transactions, visit the ADG Group’s section of the Harris Williams
website.
Harris Williams LLC is a registered broker-dealer and member of
FINRA and SIPC. Harris Williams & Co. Ltd is a private limited
company incorporated under English law with its registered office
at 5th Floor, 6 St. Andrew Street, London EC4A 3AE, UK, registered
with the Registrar of Companies for England and Wales (registration
number 07078852). Harris Williams & Co. Ltd is authorized and
regulated by the Financial Conduct Authority. Harris Williams &
Co. Corporate Finance Advisors GmbH is registered in the commercial
register of the local court of Frankfurt am Main, Germany, under
HRB 107540. The registered address is Bockenheimer Landstrasse
33-35, 60325 Frankfurt am Main, Germany (email address:
hwgermany@harriswilliams.com). Geschäftsführer/Directors: Jeffery
H. Perkins, Paul Poggi. (VAT No. DE321666994). Harris Williams is a
trade name under which Harris Williams LLC, Harris Williams &
Co. Ltd and Harris Williams & Co. Corporate Finance Advisors
GmbH conduct business.
For media inquiries, please contact Katie Langemeier at +1 (804)
648-0072.
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