CHARLOTTE, N.C. (September 25, 2017) – BlackArch Partners is pleased to announce the sale of Doss Aviation, a portfolio company of J.F. Lehman & Company (“J.F. Lehman” or “JFLCO”), to L3 Technologies (NYSE:LLL).
Based in Colorado Springs, Colorado, Doss Aviation (www.dossaviation.com) is the sole provider of initial flight training for U.S. Air Force pilots. Doss owns and operates a full-service, turnkey training facility in Pueblo, Colorado, where it offers curriculum coursework and flight training for both fixed-wing and unmanned aircraft pilots and weapons officers. Doss also provides instructor pilots for rotary-wing aircraft for the U.S. Army, as well as global airfield service support activities at U.S. government bases, including aircraft and bulk refueling services and aircraft component repair and modification.
BlackArch was retained by J.F. Lehman to serve as their exclusive financial advisor. The transaction continues BlackArch’s strong momentum in the aerospace, defense & government services (“ADGS”) sector and is representative of the firm’s focus on providing unique M&A advisory services to market-leading and sponsor-backed growth businesses.
About J.F. Lehman & Company
J.F. Lehman (www.jflpartners.com) is a middle market private equity firm focused on the maritime, defense and aerospace sectors. JFLCO is headquartered in New York with additional offices in Washington, D.C. To date, the firm has acquired approximately 60 operating entities within 24 platform investments with an aggregate value of approximately $3.1 billion.
About L3 Technologies
Headquartered in New York City, L3 Technologies (www.L3T.com) employs approximately 38,000 people worldwide and is a leading provider of a broad range of communication, electronic and sensor systems used on military, homeland security and commercial platforms. L3 is also a prime contractor in aerospace systems, security and detection systems, and pilot training. The company reported 2016 sales of $10.5 billion.
About BlackArch Partners
BlackArch Partners is a leading middle-market investment bank offering a full spectrum of advisory services to financial sponsors, private companies and diversified corporations. BlackArch addresses the needs of owner-operators, founders and shareholders of private companies with specialized services that include M&A advisory, strategic advisory and private capital solutions. Headquartered in Charlotte, NC, BlackArch features a total of 12 industry-focused practices that cover all sectors of interest to middle-market investors; BlackArch professionals have closed more than 350 transactions in 16 countries on four continents. Please visit our website, blackarchpartners.com, for more details.