May 29, 2012
Aero Medical International Expands Its Business with Purchase of Sixth Learjet 35A
Aero Medical International (“Aero Medical” or the “Company”), a portfolio company of The Beekman Group (“Beekman”), recently completed the acquisition of its sixth Learjet 35A. Based in Ft. Lauderdale, FL, Aero Medical is the leading fixed-wing air ambulance services provider in the Southeastern U.S. The Learjet 35A is the leading aircraft in the air medical transport arena and is renowned for its safety and performance. Aero Medical’s customized fleet of aircraft enables the company to offer reliable and flexible service to its valued customers. Aero Medical’s subsidiaries hold EURAMI and CAMTS Accreditations, as well as $100 million umbrella casualty insurance coverage for its customers. The addition of its seventh aircraft-including the Cessna 402B in San Juan, Puerto Rico which services the Caribbean Basin, makes Aero Medical the largest dedicated fixed wing air ambulance operator in the Americas. Stuart Hayman, Aero Medical’s CEO, said, “In less than three months since consummating a recapitalization with Beekman, Aero Medical has successfully integrated the operations of Aero Jet International and Air Ambulance Professionals and has begun to execute on its growth initiatives. In conjunction with the recent Learjet 35 purchase, we are evaluating the opportunity to enter new geographic markets in the near future.” About Aero Medical International Based in Fort Lauderdale, FL, Aero Medical International is the leading fixed-wing air ambulance service provider in the Southeastern U.S. with seven dedicated fixed-wing air ambulance aircraft. The Company provides responsive, safe and reliable emergency air transportation services utilizing their company-owned fleet of aircraft, operated by Aero Jet International (AJI), Part 135 air carrier certificate 02JA380K and EURAMI/CAMTS accredited experienced medical staff offered by Air Ambulance Professionals (AAP). About The Beekman Group The Beekman Group (“TBG”) is a leading private equity firm dedicated to bringing financial and operational resources to lower middle-market companies. TBG's team consists of experienced private equity professionals, as well as a select group of Industry Operating Partners who are leading executives in TBG's targeted industry segments. This Industry Partner approach to investing is the cornerstone of TBG's investment strategy -- creating value through accelerating growth in partnership with lower middle-market management teams. For more information please contact [email protected].