SkyTrac Systems Ltd. (“SkyTrac”), a leading provider of data-driven solutions and data acquisition systems for the global aviation industry, has been acquired by Drew Marine UK Holdings Ltd. (“Drew Marine”). SkyTrac is a portfolio company of Roynat Capital, the private equity group of Scotia Bank, and Drew Marine is a portfolio company of The Jordan Company.
Headquartered in Canada, SkyTrac is a full-service, data-driven solutions provider to the aviation industry. Since 1986, SkyTrac has pioneered the development, evolution and commercialization of flight following, flight data and communications technology. SkyTrac offers a one-stop response for reliable and secure aviation data management solutions that elevate efficiency, safety and drive revenue, from performance trending and business reporting to real-time asset tracking and situational awareness. SkyTrac combines over 30 years of experience and technical expertise with a dedicated customer focus to bring innovative aviation solutions to the market. With systems certified on over 900 airframes and an online data management portal that is the go-to tool for over 6,500 global users, SkyTrac is the partner of choice for data-guided business insights. SkyTrac is a Transport Canada certified DAO and AMO, with management systems registered to ISO 9001/AS9100C.
Drew Marine is a leader in technical solutions and services to the marine and aviation industries with a comprehensive line of advanced marine chemicals and equipment. SkyTrac will become an independent subsidiary of ACR Electronics, Inc. (“ACR”), a Drew Marine operating unit. ACR is a global leader in safety and survival technologies to the aviation market for general, business, commercial and military aircraft. ACR manufactures a complete product portfolio including emergency location transmitters, personal locator beacons, iridium tracking and communication distress beacons, megaphones and distress lighting. The alignment of the two leading companies will create a comprehensive product line and service offering for the aviation market place.
SkyTrac President, Malachi Nordine, commented “SkyTrac and ACR share a mission to help aviation operators improve safety and efficiency. Supported by ACR, SkyTrac will continue with the strong customer support and technology leadership that is in our DNA and which has cemented our position in the aviation industry. I am excited to work with our new ACR partners through SkyTrac’s next growth phase as we continue to execute our strategy and find cooperative commercial opportunities like GADSS.”
“We are excited to join forces with SKYTRAC because it will expand our aviation footprint and add a proven solutions-based team into our organization,” said Gerry Angeli, President of ACR. “Our complementary products and technology can provide our customers with an expanded and comprehensive suite of aviation data, tracking, distress alerting, communications and operational integrations.”
Philpott Ball & Werner, LLC served as investment banker to SkyTrac and Roynat Capital. Terms of the transaction were not disclosed. For more information about this transaction, please contact PB&W Managing Directors Ted Werner at email@example.com or Luke Korta at firstname.lastname@example.org.