New York City-headquartered ATL Partners has acquired SkyMark Companies and Rampmaster to form a specialty vehicle equipment platform serving aviation and transportation-related end markets. The acquisitions represent the first investments from ATL’s third fund. SkyMark is a portfolio company of Sky Island Capital.
Founded in 2013, Kansas City-based SkyMark manufactures aircraft refueling trucks, hydrant dispensers, and specialty vehicles used by airports, government agencies, and industrial operators. Founded in 1968 by the Watkins family, Philadelphia-area-based Rampmaster produces modular aircraft refueler trucks and refueling systems used by commercial and general aviation customers. SkyMark is led by Steven Paul, and Rampmaster is led by Leighton Yohannan.
“We are excited to bring together SkyMark and Rampmaster, two highly complementary businesses with blue-chip customer bases and diversified end markets, to create a leading, scaled platform serving the aviation, environmental, rail, and specialty equipment sectors,” said Caleb Clark, Senior Partner at ATL Partners. “Through our thematic-driven investment strategy, ATL identified the ground support equipment (GSE) market as a compelling growth opportunity approximately two years ago, and we are excited to bring our defined strategic vision to market.”
Harris Williams was the financial advisor to ATL Partners. Baird and D.A. Davidson were the financial advisors to SkyMark and Sky Island Capital. Alantra was the financial advisor to Rampmaster.
