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New State Aviation Acquires Blackhawk

New State Aviation Acquires Blackhawk

Private equity firm New State Aviation Holdings has acquired aircraft upgrade company Blackhawk Aerospace.

Texas-based Blackhawk will join New State Aviation’s newly acquired AVEX in providing sales and maintenance service for the Daher TBM turboprop aircraft. Blackhawk and AVEX will operate independently under the same parent company, according to an announcement on January 3.

The acquisition will double the size of New State Aviation’s business according to Chad Cundiff, CEO, New State Aviation Holdings.

“AVEX is a market leader in sales, brokerage and maintenance of the Daher TBM, and Blackhawk is the market leader in turboprop engine upgrades. Together, they will allow New State Aviation Holdings to offer a broader suite of services and meet more needs of light turbine aircraft owners, across a variety of aircraft manufacturers,” said Cundiff.

New State Aviation Holdings is a general aviation-focused platform of New State Capital Partners. Blackhawk was founded in 1999 and was later expanded into a government support, maintenance, avionics, composites, and aircraft sales service provider.

“We are very excited to join New State Aviation Holdings and partner with the folks at AVEX,” said Jim Allmon, CEO, Blackhawk. “We look forward to working with Chad and the rest of the New State Aviation team to further expand our services.”