Sunvair Aerospace Group Acquires Mingo AerospaceJanuary 8, 2021
Sunvair Aerospace Group, Inc. (“Sunvair”), a portfolio company of Blue Sea Capital (“Blue Sea”), today announced the acquisition of Mingo Aerospace, LLC (“Mingo” or the “Company”), a provider of component repair services to aircraft operators and leading maintenance, repair and overhaul (“MRO”) providers. Sunvair will support the business’ continued expansion by investing in new capabilities and equipment while maintaining the Company’s exceptional track record of customer service.
Mingo, based in Tulsa, OK, is an FAA-certified repair station specializing in cargo loading systems repair and overhaul and thermal spray coatings. The Company has an extensive library of DER and OEM-approved repairs, strong relationships with aircraft operators globally and market-leading turnaround times.
“Mingo Aerospace is excited to join the Sunvair Aerospace Group,” said Brian Emery, Co-Owner of Mingo. “We are united in a vison to deliver exceptional service, value and capabilities to our customers on a large platform.”
“Our combined companies’ history of exceptional customer service and passion for the work we do make this a unique partnership and will further strengthen our continued commitment to our customers,” added Kerry Jarandson, CEO of Sunvair.
“We are thrilled to partner with the Emerys,” said Scott Kirkendall, Partner of Blue Sea Capital. “Mingo brings unique capabilities and new customers to the group, resulting in a stronger and more diverse business.”
Kirkland & Ellis and Jones Day acted as legal advisors to Blue Sea Capital and Atkins & Atkins acted as legal advisor to Mingo. KAL Capital advised on the transaction, Alton Aviation Consultancy provided technical advisory services and financing for the transaction was provided by NXT Capital and Barings.
About Mingo Aerospace (Mingo)
Mingo Aerospace (www.mingoaero.com) was founded in 2000 as a niche provider of cargo system overhaul services. Over the past 20 years, Mingo has continued to develop new repair capabilities, most recently through the addition of thermal spray repair capabilities in 2017. Mingo is known for its market-leading turnaround times, customer service and quality and is an important partner to its customers across the
the passenger, cargo and military aerospace sectors.
About Sunvair Aerospace Group (Sunvair)
Sunvair Aerospace Group (www.sunvairgroup.com) is a global provider of FAA-certified repair services through bi-coastal locations in California and New York. Sunvair’s subsidiaries specialize in the overhaul of landing gear (www.sunvair.aero) and related components, avionics, flight instruments and pressure sensing components (www.aaic.aero), as well as providing advanced coating services to the OEM and MRO aerospace supply chains (www.aerospaceplating.com). Sunvair has built a reputation among leading aircraft operators for high quality, responsive customer service, innovative repairs and rapid turnaround times.
Blue Sea Capital (www.blueseacapital.com) is a private equity firm based in West Palm Beach, Florida, that invests in growth-oriented lower middle market companies with EBITDA of up to $30 million. The firm has $1.4 billion in committed capital and invests across three industry verticals: aerospace & defense, healthcare and industrial growth. Blue Sea Capital’s strategy is to partner with talented leaders and differentiated companies, typically as the first or second institutional investor, and deliver strategic and operational value-add that drives growth acceleration, industry outperformance and business transformation.