New State Acquires Blackhawk Aerospace

The mods company joins a portfolio already specializing in sales and maintenance for TBM turboprops

Meg Godlewski

Tuesday, January 03, 2023 at 04:30 PM ET

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Blackhawk Headquarters in Waco, Texas. [Courtesy: Blackhawk Aerospace]

Key Takeaways:

Blackhawk Aerospace, a specialist in turboprop engine performance upgrades, has sold a majority ownership stake to New State Aviation Holdings.
This acquisition integrates Blackhawk into New State Aviation Holdings' general aviation platform, which previously acquired AVEX, a leading provider of sales and maintenance for Daher TBM turboprops.
Both Blackhawk and AVEX will continue to operate independently but will work together to expand New State Aviation Holdings' service offerings for light turbine aircraft owners.
Blackhawk's current management team will remain with the company, and its composite business was explicitly excluded from this transaction.

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Blackhawk Aerospace, a Waco, Texas-based company specializing in aircraft performance upgrades, has sold its majority ownership to New State Aviation Holdings, the general aviation-focused platform of the middle-market private equity firm New State Capital Partners.

Blackhawk, founded in 1999 as Blackhawk Modifications, Inc., provides engine upgrades for turboprop models designed to improve aircraft speed, climb performance and safety all while extending engine life. Blackhawk has a worldwide network of dealers and service centers to cater to customers in the commercial and government markets.