Blackhawk Aerospace Sells Majority Ownership to New State Aviation Holdings

Pictured Above: Blackhawk Headquarters in Waco, TX

Blackhawk Aerospace (“Blackhawk” or “the Company”), a recognized leader in aircraft performance improvements, announced that the Company has sold its majority ownership to New State Aviation Holdings, the general aviation-focused platform of the middle-market private equity firm New State Capital Partners (“New State”).

Blackhawk joins New State’s anchor aviation investment, AVEX, a leading provider of sales and maintenance for the Daher TBM turboprop aircraft, which was acquired in December 2021. AVEX and Blackhawk will continue to operate independently, while working together to expand New State's aviation offerings. Blackhawk’s management will remain with the Company. Terms of the transaction were not disclosed.

Pictured Above: Blackhawk HQ Campus in Waco, TX

Headquartered in Waco, TX, with more than 60 employees, Blackhawk provides engine upgrades for a broad range of turboprop models, improving an aircraft’s speed, safety, and climb capabilities, while extending engine life. The Company serves customers worldwide in the commercial and defense markets. Blackhawk was founded in 1999 as Blackhawk Modifications, Inc., and added divisions for defense support, maintenance, avionics, composites, and aircraft sales by establishing locations in Huntsville, AL and Columbia, MO. Their experienced team and expansive capabilities have given Blackhawk the opportunity to serve as a one-stop-shop for all things turboprop-related worldwide. The composites business is not included in the transition and will remain independent.