MRO Magazine

Cronus Partners Announces Sale of Aviation Services Company


September 10, 2015
By Business Wire News

NEW YORK

Cronus Partners LLC (Cronus) is pleased to announce that, in conjunction with Stephens Inc., it acted as financial advisor to Boreas Holdings, Inc. (Boreas), the parent of multiple affiliated aviation services operating companies, in a stock sale of the company to Inland Technologies (Inland), afull service airport environmental compliance and ground support specialist.

“Cronus has been a valued financial partner throughout the years, culminating in this successful strategic transaction which enables the newly combined company to be a major player in our industry and a stronger competitor in new and existing markets,” commented Salvatore C. Calvino, President and Chief Executive Officer of Boreas.

Jeffrey Rubin, the Managing Partner at Cronus, added, “It has been incredibly satisfying to witness the growth of Boreas and to have been a part of creating this large, dynamic company in the aerospace sector.”

About Boreas Holdings, Inc.

Boreas is an established leader in providing outsourced airport services in North America and Europe. The company manages and owns operating companies with over 35 airport locations and approximately 2,500 in season employees: Quantem Aviation Services, LLChttp://www.qasllc.aero/, Integrated Deicing Services, LLChttp://www.deicingsolutions.com/, and Deicing Solutions, LLChttp://www.deicingsolutions.aero/. The company is located in Manchester, NH.

About Inland Technologies

Inland is a full service airport environmental compliance and ground support specialist providing services across North America. The company offers a complete range of aircraft deicing application services, spent aircraft deicing fluid management, and wastewater programs for large and small airports. See www.inlandgroup.ca.

About Cronus Partners

Advising on mergers, acquisitions, divestitures, sales, and private placement financings, Cronus Partners is an independent investment banking firm that provides financial advisory and other investment banking services. Winner of the New York Association for Corporate Growth’s Boutique Investment Bank of the Year Award, the firm has significant experience in advising both public and private companies that can benefit from middle-market transactions. To learn more, please visit www.CronusPartners.com and follow us on LinkedIn.

Cronus Partners LLC
Andrea Chase, 212-658-0281
Partner
achase@cronuspartners.com