Information on the target
AirSprint Inc. (“AirSprint” or the “Company”) is the largest fractional jet operator in Canada, headquartered in Calgary, Alberta. With a robust portfolio supporting over 600 fractional owners, AirSprint has established itself as a leader in the Charter & Private Air Services industry. The Company has experienced significant growth in recent years, attributed to its exceptional service offerings and adherence to industry-leading operational standards. Following the acquisition, key management will remain in place, ensuring continuity and stability for the organization.
The transaction, announced on June 25, 2026, is expected to close in the third quarter of 2026. This acquisition marks TriWest Capital Partners’ fourth platform investment in TriWest Mid-Market Fund VI (“Fund VI”). The involvement of existing shareholders as equity investors post-transaction further underscores the confidence in AirSprint’s growth trajectory and operational excellence.
Industry overview in the target’s specific country
The Charter & Private Air Services industry in Canada has witnessed a notable transformation over the past decade, driven by increasing demand for personalized travel solutions and a growing preference for fractional ownership models. As a result, the market has expanded significantly, with operators like AirSprint leading the way in providing tailored services that cater to the unique needs of their clientele. The industry's growth is further supported by advancements in aviation technology and an increasing number of affluent individuals seeking efficient travel options.
Canada's vast geography and diverse business landscape create a unique environment for the Charter & Private Air Services sector. The need for quick and flexible travel solutions is particularly pronounced in remote regions, where commercial flight options may be limited. This has led to a surge in demand for private air services, as businesses and individuals alike seek to optimize their travel time and enhance productivity. Additionally, the rise of corporate travel and the expansion of the tourism sector have contributed to the industry's robust growth.
Regulatory frameworks in Canada have also evolved to support the growth of the Charter & Private Air Services industry. The Canadian Transportation Agency has implemented measures to ensure safety and efficiency, fostering a competitive environment for operators. This regulatory support, combined with a growing awareness of the benefits of private air travel, positions the industry for continued expansion in the coming years.
As the largest fractional jet operator in Canada, AirSprint is well-positioned to capitalize on these trends. The Company's commitment to operational excelle…