The company is an aerial advertising service provider offering custom aerial billboards and letter banner advertising, with a focus on commercial clients. The company serves most major media markets throughout the US. The company performs maintenance in-house and a utilizes a proprietary application (app) to monitor and manage flights.

Key Aspects

Revenue and adjusted EBITDA grew at compound annual growth rates (CAGRs) of 15.4% and 32.8%, respectively, from 2019 through 2022
Average gross profit (GP) margin of 50.3% from 2019 through 2022
Proprietary mobile app
Strong reputation in the industry
Operates owned assets in seven states and employ vetted vendors in 10 additional states
No long-term debt as of December 31, 2022
Working affiliations with multiple Northeast US airports
In-house fleet of 16 owned and two leased airplanes

Financial Note: Revenues and costs are subject to intercompany transfers not identified. Financial information presented is from one entity.

Opportunities

Produce custom banners and billboards in-house
Expand hangar locations into the Central and Western US regions
Capitalize on the growing demand for aircraft maintenance services
Leverage greater adoption of aerial advertising from large advertisers
Capitalize on the company’s proprietary, industry-leading app
Leverage reputation to increase personal banner services

Headquartered

Northeast US

Current Markets

The company focuses on most major media markets throughout the country with full continental US services capabilities available, along with servicing a variety of commercial clients across multiple industries, advertising agencies, and individual clients.

Real Estate

The companies primary base of operation consists of an office, maintenance facility, and four hangars totaling 16,200 sq. ft. Two of the hangars have long-term land leases in which the owner owns the improvements until 2032. A third hangar is in process of being converted to a 30-year long-term land lease. All locations are leased from unrelated third parties.

Shareholder Objectives

The company is owned by one shareholder. Ownership is seeking retirement to spend more time with family and on other business endeavors. The owner is willing to remain with the company for a transitionary period following a sale.

Benchmark International

Benchmarks Exclusive Opportunities

Aerial Advertising Service Provider – BN000042110

Aerial Advertising Service Provider – BN000042110

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