New State Capital Acquires Aircraft Dealer Avex.
MANews-(C)2009-2021
US-based private equity firm New State Capital Partners has acquired US-based aircraft dealer Avex, a provider of sales and maintenance for the Daher TBM turboprop aircraft in North America, the firm said.
New State is acquiring the company from its founder, Terry Winson, who is retiring.
Terms of the transaction were not disclosed.
Founded in 1985, with operations in California and Colorado, Avex is the exclusive distributor of new TBM aircraft in the southwestern United States.
With more than 1,000 TBM aircraft currently in service, the company also manages a robust maintenance and aftermarket services business, which provides a one-stop solution and a high level of customer service to TBM owners across the country.
Manufactured in France by Daher since 1990, the TBM is among the fastest single-engine turboprop...
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