Elliott Aviation Completes Acquisition of Four Points Aero Services – Joplin Globe

Home Breaking News Elliott Aviation Completes Acquisition of Four Points Aero Services – Joplin Globe

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MOLINE, Ill. & DALLAS–(BUSINESS WIRE)–Aug 3, 2022–

Elliott Aviation (“Elliott”), a portfolio company of Summit Park, is pleased to announce that it has completed the acquisition of Four Points Aero Services (“FPA” or “the Company”), a full-service aircraft repair facility based in Dallas, Texas that provides full maintenance, repair, and overhaul services (MRO) and other MRO support services for a broad variety of corporate and general aviation aircraft.

Located at Dallas Love Field (“DAL”), FPA specializes in airframe and avionics maintenance and repair services. The Company has built a strong reputation for its technical repair capabilities and performs its services on a variety of turbine aircraft, including Beechcraft, Cessna Citation, Embraer, Falcon, and Hawker, among others.

Elliott provides a diverse suite of services to the business aviation industry, including MRO, fixed base operations (“FBO”), and new and used aircraft sales and brokerage. The Company is headquartered at the Quad Cities Airport in Moline, Illinois and operates additional facilities in Eden Prairie, MN, Des Moines, IA, and Atlanta, GA. Summit Park invested in Elliott in January 2020, and FPA marks the second add-on acquisition for the platform.

Greg Sahr, President of Elliott, said, “It is a pleasure to welcome Four Points to the Elliott Aviation family. We’re excited at the growth prospects for the company and look forward to building upon the impressive legacy built by its employees.”

Stephen Stites, Vice President at Summit Park, added, “Adding a Texas-based MRO location to the Elliott footprint has been part of our strategy from the outset of our investment. We’re thrilled to have the capability to extend Elliott’s industry leading customer service to countless past and future customers in the region.”

About Elliott Aviation

Elliott Aviation has been developing and delivering aviation solutions to its 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, paint, and interior. Serving the business aviation industry nationally and internationally, Elliott has facilities in Atlanta, GA, Moline, IL, Des Moines, IA, Minneapolis, MN, and Dallas, TX. 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 the International Aircraft Dealers Association (IADA). For more information, visit www.elliottaviation.com.

About Summit Park

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 services, consumer, and industrial growth. 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. For more information, visit www.summitparkllc.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20220803005160/en/

CONTACT: Neale Butler

nbutler@summitparkllc.com

KEYWORD: ILLINOIS TEXAS UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: FINANCE CONSULTING AEROSPACE MANUFACTURING PROFESSIONAL SERVICES

SOURCE: Summit Park

Copyright Business Wire 2022.

PUB: 08/03/2022 09:00 AM/DISC: 08/03/2022 09:02 AM

http://www.businesswire.com/news/home/20220803005160/en

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