October 27, 2023 //
Stillwater Capital is pleased to announce that it served as an exclusive advisor to Mid-Canada Mod Center (MC2) and its subsidiary Avionics Design Services (ADS) in its sale to De Havilland Aircraft of Canada Limited (De Havilland) in October 2023.
This acquisition continues the growth of De Havilland Canada’s engineering, manufacturing, maintenance repair, and overhaul teams across Canada.
With facilities in Ontario at Toronto Pearson Airport and Region of Waterloo Airport, and other engineering team members located in Ontario, British Columbia, and Alberta, De Havilland Canada welcomes the addition of MC2.
Their expertise in avionics upgrade services for both commercial and business aircraft will enhance De Havilland Canada’s ability to provide timely, cost-effective solutions to its customers and the over 3,000 aircraft they operate. They are also a Transport Canada Design Approval Organization that develops Supplemental Type Certificates and Repair Design Approvals for MC2 and its customers. MC2’s leadership team will remain in place, and the company will operate as a subsidiary of De Havilland Canada.
Jordan Nix, Executive Vice President led Stillwater’s deal team through the transaction with the support of Matt Harrison. Commenting on the transaction, Jordan Nix said, “Bill, Mark, and Bob have built an impressive company. A lifetime of hard work has been well rewarded. De Havilland has made a fantastic acquisition that strengthens its already impressive capabilities. We are delighted to have been part of bringing these two organizations together.”
For additional details on the transaction:De Havilland Canada Announces Partnership with Universal Avionics and Acquisition of Mid-Canada Mod Center
About De Havilland Aircraft of Canada Limited
With more than 5,000 aircraft delivered, De Havilland Aircraft of Canada Limited (De Havilland Canada) is well-established across the globe and our talented team of aviation professionals is dedicated to advancing our near-100-year reputation for excellence in innovation, production, and customer support. Our aircraft operate reliably in some of the world’s harshest climates and provide vital connections between rural communities and urban centres – transporting essential cargo and millions of passengers annually. Our aircraft also support a wide variety of special mission operations including aerial firefighting, search and rescue, medical evacuation, reconnaissance, and coastal surveillance. Visit: https://dehavilland.com
About Stillwater Capital
Stillwater Capital is one of North America’s leading mid-market M&A advisors, having completed over 100 transactions in the past 18 years. Stillwater is passionate about helping owners realize maximum value in the sale of their business. We believe that people who spend their lives building a company deserve the absolute best advice to ensure that hard work is rewarded in full.
Stillwater is a member of the world’s premier professional advisory group, Geneva Capital Group, connected to 30,000 of the world’s best legal, accounting, and M&A professionals in over 800 offices in 126 countries.