Texas based aircraft performance upgrade company Blackhawk Aerospace announced it has sold its majority ownership to New State Aviation Holdings, the general aviation-focused arm of aviation private equity firm New State Capital Partners.
Blackhawk, which has more than 60 employees, will be joining with New State Aviation’s anchor aviation investment, AVEX, a Daher TBM sales and maintenance provider that was acquired in 2021.
Blackhawk has been providing engine upgrades for turboprop aircraft since 1999 and has expanded into defense markets, maintenance, avionics, composites, and aircraft sales. The company’s composites business arm was not included in the sale and will continue to operate independently.
“We are very excited to join New State Aviation Holdings and partner with the folks at AVEX,” said Jim Allmon, Blackhawk CEO. “Our family of companies shares a singular focus: to increase an aircraft’s capabilities to unrivalled heights while maintaining the highest level of safety possible. We look forward to working with Chad [Cundiff] and the rest of the New State Aviation team to further expand our services.”
New State senior principal and chairman Daniel Han added that the acquisition, “represents a significant step towards our goal of being the premier service provider for the light turbine market…We believe this combination will build on the strengths at AVEX, expand our capabilities and enable us to provide the highest levels of service, quality, and expertise in general aviation.”