Blackhawk Aerospace has a new majority owner: Private equity firm New State Capital Partners.
Blackhawk joins New State’s other aviation investment, AVEX, which provides sales and maintenance for the Daher TBM turboprop aircraft, and was acquired in December 2021.
AVEX and Blackhawk will continue to operate independently, while working together to expand New State’s aviation offerings, according to Blackhawk officials, who note management will remain with the company.
Terms of the transaction were not disclosed.
Headquartered in Waco, Texas, with additional locations in Huntsville, Alabama, and Columbia, Missouri, Blackhawk provides engine upgrades for a range of turboprops, improving an aircraft’s speed, safety, and climb capabilities, while extending engine life, company officials explained.
Founded in 1999 as Blackhawk Modifications, the company serves customers worldwide in the commercial and defense markets through its several divisions, including defense support, maintenance, avionics, composites, and aircraft sales. According to company officials, the composites business is not included in the transition and will remain independent.
“This transformative acquisition more than doubles the size of our business and allows us to expand aircraft platforms serviced,” said Chad Cundiff, CEO of 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.”