Olympic Airways Services

Concentric Equity Partners And Northaven Capital Partners Announce Sale Of Airway Services To Takkion

Retrieved on: 
Wednesday, October 20, 2021

"Airway has grown rapidly by maintaining its focus on integrity, safety, quality, and customer service" said Adam Lucas, Vice President at Concentric Equity Partners.

Key Points: 
  • "Airway has grown rapidly by maintaining its focus on integrity, safety, quality, and customer service" said Adam Lucas, Vice President at Concentric Equity Partners.
  • "Finding, backing and empowering a first-class management team is half the battle" said Barrett Lidji, a Partner at Northaven Capital Partners, "and the Airway team and culture continues to thrive".
  • "We are proud to have expanded an organization committed to serving both customers and employees and are pleased to have Takkion carry our mission forward," said Rob Swartz, Partner at Northaven Capital Partners and Operating Partner at Concentric Equity Partners.
  • Cascadia Capital LLC and Foley & Lardner LLP represented and acted as financial advisor and legal counsel, respectively, to Concentric Equity Partners, Northaven Capital Partners, and Airway Services on the transaction.

Takkion Acquires Airway Services

Retrieved on: 
Tuesday, October 5, 2021

DALLAS, Oct. 5, 2021 /PRNewswire/ --Takkion TP&L Holdings LLC ("Takkion" or the "Company"), a portfolio company of funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, "Apollo") today announced that it has acquired San Angelo, TX-based Airway Services, LLC ("Airway Services", or "Airway"), from family office-backed private investment firms Northaven Capital Partners and Concentric Equity Partners.

Key Points: 
  • DALLAS, Oct. 5, 2021 /PRNewswire/ --Takkion TP&L Holdings LLC ("Takkion" or the "Company"), a portfolio company of funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, "Apollo") today announced that it has acquired San Angelo, TX-based Airway Services, LLC ("Airway Services", or "Airway"), from family office-backed private investment firms Northaven Capital Partners and Concentric Equity Partners.
  • Takkion has acquired Airway Services to expand its solutions for the renewable energy services market.
  • Airway Services will complement Takkion's leading multimodal logistics and O&M services companies: Transportation Partners and Logistics ("TP&L"), Global Specialized Services ("GSS") and Renew Energy ("RENEW").
  • Jim Orr, President and Chief Executive Officer of Takkion, added, "We are excited to add Airway Services to the Takkion platform of companies.