Aviation services group Air Partner has acquired emergency planning and incident response company Kenyon International Emergency Services, for up to $11.7 million. Out of the amount, $10.3 million will be payable on completion, with a deferred payment of $1.4 million in stock or cash to be made after 12 months.
The funds will be drawn from Air Partner's existing cash and debt facilities.
Mark Briffa, CEO of Air Partner, said: "Air Partner and Kenyon are two highly complementary businesses, providing significant opportunities to leverage each other's skills, heritage, and impressive customer bases. The acquisition will immediately enhance our existing consulting, training, and emergency response activities and adds new post-emergency capabilities in incident management, as well as extending our sector reach and global offering."
Robert A. Jensen, Chairman of Kenyon International Emergency Services, said: "This transaction brings together the extensive real-world experience and resources of two complementary organisations, creating a powerful group that will allow its customers to further consolidate their incident planning, training, and response operations into a more integrated system. This system will ultimately benefit those who we have always seen as the ultimate customer – the companies, survivors, and families involved in these emergencies."
Kenyon is a full-spectrum provider of disaster response services, covering planning, incident management, and recovery.
Kenyon provides on the ground support in Bracknell, United Kingdom; Houston, USA; Sydney (Australia); the company also has an office in Beirut, Lebanon; and presence in Santo Domingo, Dominican Republic.
In the year ended in December 2020, Kenyon International Emergency Services reported revenues of $16.3 million.
About Air Partner
Air Partner is a global aviation services group providing aircraft charter and aviation safety & security solutions to industry, commerce, governments, and private individuals, across civil and military organisations. The Group has two divisions: Air Partner Charter, comprising Group Charter, Private Jets, Freight and Specialist Services; and Air Partner Safety & Security (formerly Consulting & Training), which comprises Baines Simmons, Redline Assured Security and Managed Services.
The company expects an underlying profit before tax of not less than £3.7 million for the first half of its financial year that ended July 31.