Harris Williams Advises Elliott Aviation, LLC on its Majority Recapitalization by Summit Park
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: email@example.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.