Wynnchurch Capital Ltd. said Thursday that it invested in Carson Air Ltd. Financial terms weren’t announced. Carson Air, of Kelowna, British Columbia, provides fixed-wing air ambulance services, air cargo services, and flight school training in Western Canada.
ROSEMONT, Ill.–(BUSINESS WIRE)–Wynnchurch Capital, Ltd. (“Wynnchurch”), a leading middle-market private equity firm, has made a strategic investment in Carson Air Ltd. (“Carson Air” or the “Company”), a leading provider of fixed-wing air ambulance services, air cargo services, and flight school training in Western Canada.
“With the support of Wynnchurch, Carson Air is well positioned to pursue strategic growth opportunities. Our management team looks forward to partnering with Wynnchurch to continue to grow our business and enhance service to our existing customers,” said Kevin Carson, President of Carson Air.
Frank Hayes, Partner at Wynnchurch stated, “Kevin Carson and his management team have done an exceptional job of developing a highly regarded, customer-centric aviation business with industry-leading service capabilities. We are excited to partner with such an experienced group of dedicated managers and support the further growth of their proven business model.” Morty White, Managing Director at Wynnchurch Capital, added, “Carson Air’s position as a market leader in specialty aviation services within Canada, with a reputation for ‘best-in-class’ operations, makes the Company an ideal platform investment, with significant opportunity for growth in adjacent markets and new services.” Neel Mayenkar, Managing Director at Wynnchurch Capital, further commented that, “Carson Air’s commitment to safety, reliability, and responsiveness to customers attracted us to the Company. Their unyielding commitment to these values makes us very confident in the future success of the business.”
ABOUT CARSON AIR:
Carson Air Ltd., headquartered in Kelowna, British Columbia is a leading provider of fixed-wing air ambulance services, air cargo services, and flight school training in Western Canada. Since 1990, Carson Air has been committed to establishing strong relationships and building its reputation with its customers. With safety, reliability, and responsiveness guiding Carson Air over the last two decades, the Company has established itself as a leader in its markets and developed a reputation for excellent service. For more information, please visit: www.carsonair.com.
ABOUT WYNNCHURCH CAPITAL:
Wynnchurch Capital, Ltd., headquartered in the Chicago suburb of Rosemont, Illinois with offices in Toronto and Michigan, and affiliates in Montreal, New York City and Los Angeles, was founded in 1999 and is a leading middle-market private equity investment firm. Wynnchurch’s strategy is to partner with middle market companies in Canada and the United States that possess the potential for substantial growth and profit improvement. Wynnchurch Capital manages a number of private equity funds with over $2.3 billion of capital under management and specializes in recapitalizations, growth capital, management buyouts, corporate carve-outs, and restructurings. For more information, please visit: www.wynnchurch.com.