The rotorcraft-focused private equity investor Hawke Capital Partners announced today that it reached agreement to acquire substantially all of the assets of Keystone Med-Flight Services, LLC, based in Morgantown, Pennsylvania. All maintenance for Keystone’s air medical customers will be provided by sister subsidiary Uniflight, in one of its 3 MRO facilities: Grand Prairie, Texas; Reading, Pennsylvania; and Rome, New York. In addition, the addition of Keystone Med-Flight to the Hawke Capital collection of rotorcraft business creates the fourth operating entity, adding to existing subsidiaries Uniflight, Aviation Services Unlimited, LLC which provides non-EMS Part 135 and Part 133 flight services, and Hawke Aircraft Holdings, Inc. Keystone Med-Flight operates a Part 135 certificate with EMS Operations Specifications.

Joe Hawke, Chairman of Hawke Capital and President and CEO of Uniflight, said, “The addition of Keystone Med-Flight to the Hawke Capital family of companies marks a very special moment in the development of our business. It enables us to reconnect with one of the most experienced and well regarded leadership teams in the HEMS industry, and it will undoubtedly provide the opportunity to expand even further our Northeastern U.S. operations. In addition, it represents a unique opportunity to resurrect the Keystone brand that was so beloved by the Flight Services customers for the 25 years that the division was in operation. We could not be happier about the opportunity to partner with Rick Hinkle, or his partners in Keystone Med-Flight, Jack Hustwit and Steve Weinert.”

Rick Hinkle, President of Keystone Med-Flight, added, “It is very rewarding to have reached the point that we can publicly announce this transaction. Joe Hawke and I worked closely together when we were both involved with Keystone Helicopter Corporation, and, to borrow Yogi Berra’s phrase, it has been “déjà vu all over again” watching Hawke Capital acquire Uniflight and develop its holdings in the helicopter industry. We are excited about having the opportunity to once again serve our customers with the same high quality of service that they became accustomed to at Keystone. The backing of Hawke Capital and the MRO support from Uniflight will ensure that we can make good on that promise.”

Hawke Capital Partners is led by an Advisory Board chaired by Joe Hawke. Board members include Greg A’slinger, Paul Rayhill, and, with this acquisition, will expand to include Rick Hinkle. HCP continues to seek complementary acquisitions that will expand both the MRO and flight service lines of its operating subsidiaries.

About Keystone Med-Flight
Based in Morgantown, Pennsylvania, Keystone Med-Flight is an FAA Certified Air Carrier and is wholly owned by Hawke Capital Partners LLP. Our main office is located in Lancaster County, Pennsylvania and our sister company Uniflight LLC, located in Reading Municipal Airport at Griffiss International Airport in New York is a full service helicopter repair center and a Eurocopter Service Center. Keystone provides the highest quality operations management, consulting and maintenance services.

About Hawke Capital Partners
Based in Malvern, Pennsylvania, Hawke Capital Partners is a rotorcraft-focused investment partnership that currently has 3 primary operating subsidiaries: Uniflight, LLC; Aviation Services Unlimited, a Part 135 and Part 133 fleet operator, and Hawke Aircraft Holdings, Inc. Hawke Capital continues to seek additional rotorcraft businesses that provide strategic complement with the overall business plan of developing the preeminent national network of geographically distributed helicopter MRO repair stations, positioned to support large and small fleet operators throughout the U.S. and in other regions of the global helicopter market.