ELLIOTT AVIATION AND SUMMIT PARK REACH INVESTMENT PARTNERSHIP TO SECURE RESOURCES FOR GROWTH
Moline, IL, February 3, 2020 - Elliott Aviation, a leader in a diverse set of business aviation services, is pleased to announce they have successfully reached a partnership agreement with investment group, Summit Park, a private investment firm with investments in many different market segments. Summit Park took majority interest of Elliott Aviation on January 31, 2020.
As one of the most well-respected and longest-standing brands in the aviation industry, Elliott Aviation was founded by Herb Elliott in 1936. They provide aircraft maintenance, avionics, paint, interior, parts, accessories, FBO services, and appraisals for mid-sized jets and turboprops. The company has three locations, including their one-stop-shop headquarters in Moline, IL, Des Moines, IA, and Eden Prairie, MN. They are also the parent company of the aircraft sales and brokerage brand, Elliott Jets, and the manufacturing brand Elliott Technologies.
Elliott Aviation is Garmin’s number one aviation retrofitter, completing more full cockpit retrofits than any other dealer in the world, combined. This includes the Garmin G1000/G1000 NXi system in King Airs and the Garmin G5000 system in the Beechjet 400A/Hawker 400XP and the Citation Excel/XLS.
“Elliott Aviation has a long-standing reputation for providing first-class service to the business aviation industry,” Bob Calton, Co-Founder of Summit Park said. “We are excited to begin our partnership with Greg Sahr and the leadership team of Elliott and look forward to capitalizing on numerous avenues of growth that they have identified for the business. Importantly, given Elliott’s rich legacy as a family-owned business, we are pleased that Wynn Elliott will retain an ownership position in Elliott in partnership with us.”
“As a family-owned business, we have strived throughout our 80 plus year history to provide the highest levels of quality and service for our customers,” said Wynn Elliott, former Chairman of Elliott Aviation. “We are excited about pursuing additional growth opportunities in partnership with Summit Park.”
Greg Sahr, who will be taking over for Wynn Elliott as CEO of Elliott, added, “Elliott is well-positioned to continue gaining share through our differentiated service offerings, and we believe Summit Park is the ideal partner to help accelerate growth. We were drawn to Summit Park’s experience in growing founder-owned businesses into larger enterprises and look forward to collaborating with their team during our next chapter.”
Elliott Aviation is an authorized service facility for Beechjet 400A/Hawker 400XP, Hawker, King Air, Premier, and TBM. They are an authorized service center for Embraer Legacy 400/500, and Phenom 100/300. They are a 145 repair station for Challenger, Citation, Falcon, and Learjet.
About Elliott Aviation
Elliott Aviation has been developing and delivering aviation solutions to their partners for over 80 years. As one of the longest-standing companies in aviation, they offer a complete menu of high-quality products and services including aircraft sales (as Elliott Jets), avionics service & installations, aircraft maintenance, accessory repair & overhaul, paint & interior. Serving the business aviation industry nationally and internationally, they have facilities in Moline, IL, Des Moines, IA, and Minneapolis, MN. The company is a member of the Pinnacle Air Network, National Business Aviation Association (NBAA), General Aviation Manufacturers Association (GAMA), National Air Transportation Association (NATA), and the International Aircraft Dealers Association (IADA). For more information, visit www.elliottaviation.com.
About Summit Park
Summit Park is a Charlotte, North Carolina-based private investment firm focused exclusively on the lower middle market. The firm invests across a range of industries, including business and consumer services, light manufacturing and value-added distribution in the Eastern half of the United States. The firm’s capital can be used to facilitate a change in ownership, to support expansion and growth, to provide partial liquidity to existing owners, or to support an industry consolidation plan.