Generational Equity Advises Keenan Technical Industries in Sale to Flightcheck Commercial Aviation Services

Dallas, Texas - Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, recently facilitated the sale of Keenan Technical Industries to Flightcheck Commercial Aviation Services. The acquisition, which closed on December 15, 2023, marks an exciting milestone for Flightcheck as it expands its geographic footprint and enhances its service offerings.

Keenan Technical Industries, founded in 1990, has established itself as a full-service provider of aircraft maintenance services, catering to airline operators at Bradley International Airport in Windsor Locks, Connecticut, and Manchester-Boston Regional Airport. The company has earned a reputation for exceptional customer service and highly trained maintenance mechanics.

Flightcheck Commercial Aviation Services, headquartered in Bensenville, Illinois, was founded in 2004 and specializes in line maintenance, de-icing, and ground handling services for domestic and international cargo and commercial airlines. With the addition of Keenan Technical Industries, Flightcheck now operates in 10 locations across the United States, strengthening its presence in the Northeast region.

Wayne Jimerson, Flightcheck's CEO and President, expressed his enthusiasm for the acquisition, stating, "KTI established a strong regional market position by providing best-in-class customer service and demonstrating an unwavering commitment to safety, making this a compelling opportunity to expand Flightcheck's footprint into the Northeast region and deliver top-quality services to our customers across multiple locations. We are very pleased to welcome KTI mechanics to the Flightcheck family."

Lineage Capital, a Boston-based private equity firm that specializes in investing in owner-managed businesses, is the portfolio company behind Flightcheck Commercial Aviation Services. Lineage's unique partnership approach allows business owners to gain liquidity while retaining a meaningful ownership stake and control of their company's board of directors. The firm focuses on high-quality, lower middle-market businesses with EBITDA greater than $4 million, providing value-added partnerships to facilitate future growth and success.

The transaction was successfully closed by Generational Equity's Executive Managing Director, M&A-Technology Practice Leader, David Fergusson, along with Jeff Carignan, a Generational Group Authorized Affiliate, and Corey Painter, Managing Director, M&A. Randy Kamin, Executive Managing Director and Group Leader, initiated the relationship with Keenan Technical Industries.

Generational Equity is part of the Generational Group, a Dallas-based M&A advisory firm that has established itself as a leader in North America. With over 350 professionals located in 16 offices across the continent, Generational Equity offers a suite of advisory services, including strategic growth consulting, exit planning education, business valuation, value enhancement strategies, M&A services, digital services, and wealth management. The company's mission is to help business owners unlock the value of their businesses, providing growth consulting, merger, acquisition, and wealth management services.

Over the years, Generational Equity has been recognized for its exceptional performance in the industry. The M&A Advisor named it the Investment Banking Firm of the Year three years in a row, and in 2020, it was honored as the Valuation Firm of the Year. The Global M&A Network awarded Generational Equity the title of USA Investment Bank of the Year in 2023. These accolades reflect the company's commitment to delivering outstanding results and value to its clients.

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