Boca Raton, FL– May 1, 2019 – AE Industrial Partners, LP (“AEI”), a private equity investor
specializing in Aerospace & Defense, Power Generation and Specialty Industrial businesses,
announced today that it has acquired a majority interest in Alpine Air Express, Inc. (“Alpine” or the
“Company”), a logistics and transportation platform providing regional air cargo services throughout
the Mountain Region of the Western United States.
As part of this transaction, AEI has partnered with the Company’s existing shareholders, including
Michael Dancy who will continue in his role as CEO of Alpine. Terms of the transaction, which closed
today, were not disclosed.
Headquartered in Provo, Utah, Alpine is a leading Part 135 air cargo operator with a long and
distinguished history providing its customers with safe and reliable air cargo transportation services
primarily throughout the Mountain Region of the Western United States. Today, Alpine operates a
growing fleet of over 40 aircraft, and it recently developed a proprietary Supplemental Type
Certificate (“STC”) to convert the Beechcraft 1900D aircraft from passenger configuration to cargo
configuration, making it the largest single pilot cargo aircraft in the world. This innovative STC offers
Alpine a unique competitive advantage which should enable the Company to capture greater share
in its market.
“Alpine is a leader in its regional air cargo market, possessing a unique geographic presence, strong
customer relationships, a growing aircraft fleet, and a reputation for reliability and safety,” said Jon
Nemo, a Partner at AEI. “This leadership position has been driven by the Company’s strong
management team with whom we are excited to partner in the Company’s next chapter of growth.”
“Demand is steadily growing for reliable air transportation to support increasing shipments and
speciality cargo throughout the US,” said Jeff Hart, a Vice President at AEI. “AEI has been
strategically focused on establishing a platform within this market and will continue to invest in
Alpine’s infrastructure, while pursuing strategic growth opportunities that will allow the Company to
even better serve its customers.”
“AEI is a perfect partner for us given their deep industry knowledge and experience working with
unique, growing platforms throughout the aviation marketplace,” said Michael Dancy, CEO of Alpine.
“We look forward to our partnership with AEI as we enter our next chapter of growth and execute
on key strategic initiatives.”
Akerman LLP served as legal advisor and KPMG LLP served as financial advisor to AEI.
About Alpine Air Express
Headquartered in Provo, Utah, Alpine is a leading Part 135 air cargo operator with a long and
distinguished history providing its customers with safe and reliable air cargo transportation services
primarily throughout attractive growth markets in the Mountain Region of the Western United
States. Today, Alpine operates a growing fleet of over 40 aircraft and recently developed a
proprietary Supplemental Type Certificate (“STC”) to convert the Beechcraft 1900D aircraft
from passenger configuration to cargo configuration, making it the largest single pilot cargo aircraft
in the world. For more information, please visit www.alpine-air.com.
About AE Industrial Partners
AE Industrial Partners is a private equity firm specializing in control investments in Aerospace &
Defense, Power Generation, and Specialty Industrial businesses. AE Industrial Partners invests in
market-leading companies that can benefit from its deep industry knowledge, operating experience,
and relationships throughout its target markets. Learn more at www.aeroequity.com.
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