Ranger Aerospace has been recognized by the M&A Advisor financial publication with the M&A Middle Market Private Equity Deal of the Year Award, the company said.
Ranger said the award is for its acquisition of ACL Airshop, a worldwide company headquartered in South Carolina, and with service operations at more than 30 of the world´s top air cargo hub airports. Ranger Aerospace and its several institutional private equity co-investors acquired majority interest in ACL Airshop in February 2016.
The holding company for this investment is Ranger Airshop Holdings, Inc. Ranger said it plans to enhance and expand ACL Airshop through strategic investments and organic growth, entering new lines of technical capacity, fostering deep and continuous operational improvements, expanding geographically, and possibly acquiring complementary companies.
Ranger Aerospace is a private equity consolidator and management holding company that specializes in aviation deals in partnership with co-investors.
M&A Advisor was founded in 1998 to offer insights and intelligence on mergers and acquisitions through the industry´s international publication.