Stillwater represented Mid Canada Mod Center in the transaction.
Stillwater Capital is pleased to announce that it served as an exclusive advisor to Mid-Canada Mod Center (MC2) and its subsidiary Avionics Design Services (ADS) in its sale to De Havilland Aircraft of Canada Limited (De Havilland Canada) in October 2023.
This acquisition continues the growth of De Havilland Canada’s engineering, manufacturing, maintenance repair, and overhaul teams across Canada.
With facilities in Ontario at Toronto Pearson Airport and Region of Waterloo Airport, and other engineering team members located in Ontario, British Columbia, and Alberta, De Havilland Canada welcomes the addition of MC2.
Their expertise in avionics upgrade services for both commercial and business aircraft will enhance De Havilland Canada’s ability to provide timely, cost-effective solutions to its customers and the over 3,000 aircraft they operate. They are also a Transport Canada Design Approval Organization that develops Supplemental Type Certificates and Repair Design Approvals for MC2 and its customers. MC2’s leadership team will remain in place, and the company will operate as a subsidiary of De Havilland Canada.
Jordan Nix, Executive Vice President led Stillwater’s deal team through the transaction with the support of Matt Harrison. Commenting on the transaction, Jordan Nix said, “Bill, Mark, and Bob have built an impressive company. A lifetime of hard work has been well rewarded. De Havilland has made a fantastic acquisition that strengthens its already impressive capabilities. We are delighted to have been part of bringing these two organizations together.”
About Stillwater Capital
With over 100 completed transactions, Stillwater Capital is a recognized leader in advising transportation and logistics companies in mergers and acquisitions. For over 20 years, Stillwater has helped clients sell businesses better and formulate and execute exceptional acquisition and financing strategies.
Stillwater is a member of the world’s premier professional advisory group, Geneva Capital Group, connected to 30,000 of the world’s best legal, accounting, and M&A professionals in over 800 offices in 126 countries.
Published on: October 31, 2023
