Little known Elevate Holdings, Inc., the New Hampshire-based parent of Private Jet Services Group, is promising its acquisition of Keystone Aviation is “the first of many.” It starts the year with the likelihood of more M&A activity, and it also brings a new player into the deal market.
Greg Raiff, Founder and CEO of Elevate and PJS Group, says he believes there are many smaller operators ripe for consolidation but not big enough to attract the attention of big players.
Over the past several years, Wheels Up Experience snapped up Delta Private Jets, Gama Aviation Signature, Mountain Aviation and TMC Jets while Vista Global Holding expanded with XOJet
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