Cronus Partners LLC said that, in conjunction with Stephens Inc., it acted as financial advisor to Boreas Holdings, Inc. in a stock sale of the company to Inland Technologies, a full service airport environmental compliance and ground support specialist.
“Cronus has been a valued financial partner throughout the years, culminating in this successful strategic transaction which enables the newly combined company to be a major player in our industry and a stronger competitor in new and existing markets,” said Salvatore C. Calvino, President and Chief Executive Officer of Boreas.
Boreas is an established leader in providing outsourced airport services in North America and Europe. The company manages and owns operating companies with over 35 airport locations and approximately 2,500 in season employees.
Inland is a full service airport environmental compliance and ground support specialist providing services across North America. The company offers a complete range of aircraft deicing application services, spent aircraft deicing fluid management, and wastewater programs for large and small airports.
Advising on mergers, acquisitions, divestitures, sales, and private placement financings, Cronus Partners is an independent investment banking firm that provides financial advisory and other investment banking services.