The company is an aerial advertising service provider offering custom aerial billboards, letter banners, and blimp advertising, with a focus on commercial clients. The company primarily serves the Eastern US, with full continental US service capabilities available. The company performs maintenance in-house and utilizes a proprietary application (app) to monitor and manage flights.

Key Aspects

Revenue and adjusted EBITDA grew at compound annual growth rates (CAGRs) of 26.6% and 47.9%, respectively, from 2019 through the trailing[1]twelve-months (TTM) ending May 31, 2022
Average gross profit (GP) margin of 49.6% from 2019 through the TTM ending May 31, 2022
Proprietary in-house mobile app
Strong reputation in the industry
Owned assets in seven states and employ vetted vendors in 10 additional states
No long-term debt as of May 31, 2022
Working affiliations with multiple Northeast US airports
In-house fleet of 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
Capitalize on the company’s proprietary, industry-leading app
Leverage reputation to increase personal banner services

Headquartered

Northeast US

Current Markets

The company owns and operates assets in seven states and employs vetted vendors in 12 additional states, with a focus on the Eastern US, servicing a variety of commercial clients across multiple industries, advertising agencies, and individual clients.

Real Estate

The company has operations in two states, encompassing an office, maintenance facility, and six hangars totaling 17,700 sq. ft. Two hangars have long-term land leases in which the owner owns the improvements until 2032. 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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