Clairfield advises Gama Aviation Plc on the sale of Jet East to West Star Aviation
Gama Aviation Plc sold Jet East, its US business jet Maintenance & Repair Organisation, to West Star Aviation for US$131 million.
Jet East is a US business aviation Maintenance, Repair and Overhaul company created in 2021 from the merger of Jet East and Gama Aviation’s existing US MRO operations. Jet East has subsequently performed strongly, benefitting from a highly committed management team, a complementary nationwide network of operations, strong customer relationships, cost savings from rationalisation of operations and considerable investment including standing up new facilities in Millville, Las Vegas and Statesville.
West Star, owned by The Sterling Group, is a provider of MRO services to the business aviation industry in the US providing maintenance, modification, and other services to aviation customers. West Star provides services at four primary locations in the US namely East Alton, Illinois; Grand Junction, Colorado; Chattanooga, Tennessee; and Perryville, Missouri, as well as fifteen mobile repair bases and satellite MRO facilities. West Star also provides parts distribution and composite repair services through its Avant and DAS businesses respectively.
This transaction demonstrates our experience and understanding of the aviation services sector and our ability to support our clients on complex crossborder transactions. This transaction reaffirms our focus to deliver superior outcomes for our clients and their shareholders.
Clairfield International’s London partner office acted as exclusive financial advisor to Gama Aviation Plc.
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Sale
Advisor to the seller
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