Wynnchurch Capital has an investment in Carson Air, a provider of fixed-wing air ambulance services, air cargo services, and flight school training.
Carson Air provides its air services to customers across western Canada. The company is led by its president and founder Kevin Carson. Carson Air was founded in 1990 and is headquartered in Kelowna, BC (www.carsonair.com). “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 Mr. Carson.
“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,” said Frank Hayes, a Partner at Wynnchurch. “We are looking forward to working with this experienced group of dedicated managers and support the further growth of their proven business model.”
Wynnchurch Capital makes investments of $10 million to $90 million in middle-market companies that have revenues of $5 million to $500 million. Sectors of interest include niche manufacturing, business and industrial services, energy and power services, logistics, transportation and value-added distribution.
“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,” said Morty White, a Managing Director at Wynnchurch.
Wynnchurch Capital was founded in 1999 and is located in the Chicago suburb of Rosemont with additional offices in Detroit and Toronto (www.wynnchurch.com).
© 2015 PEPD • Private Equity’s Leading News Magazine • 10-9-15
