20-Dec-2021 Source: Timberline Group
The Timberline Group, which owns and operates Timberline Helicopters, Inc., Timberline Aerospace, LLC, and Timberline Logging Enterprises, LLC., has entered into an agreement with Uniflight Global, LLC, the parent company of Uniflight, Aviation Services Unlimited, and formerly of Keystone Med-Flight and Hawke Aircraft Holdings, Inc., to acquire Aviation Services Unlimited (ASU) and its affiliated fleet assets.
“This marks the first time that Timberline has undertaken growth by company acquisition,” stated Ammy and Brian Jorgenson, owners of the Timberline Group. “We started with one aircraft, a K-MAX, and over the past 17 years have grown organically, by adding aircraft and capabilities. The decision to grow by acquisition in this case was driven by strategic requirements, and the fact that members of our team had prior experience with the ASU certificate team gave us an advantage in terms of due diligence, making the process very efficient.”
Joe Hawke, Chairman and CEO of Uniflight Global, added, “We were deeply complimented when the Timberline Group approached us about a potential acquisition of our flight operations. We understood that they had a strategic need, and the timing worked well from our standpoint. Arguably, this has been the fastest and friendliest transaction of the sort I have ever been involved with. We wish our ASU colleagues, now Uniflight Global alumni, all the best as they join the Timberline team, and we want to offer our congratulations to the Timberline team on their inaugural acquisition. I believe it will mark the beginning of a broader consolidation in the overall helicopter utility sector.”
The Timberline Group plans to increase its presence in helicopter heavy lift operations, repair, and development across the US. With a coast-to-coast reach, Timberline continues to offer unparalleled aerial lift services in the utility, construction, firefighting, and logging verticals. “While offering heavy lift services around the globe, we are extremely excited with this opportunity to further solidify our footprint across the United States,” stated the Jorgensen owners.