MAG Aerospace (MAG), a portfolio company of Clairvest Group Inc. (TSX: CVG), has acquired Discovery Air Fire Services Inc. (DAFS) from Clairvest controlled Discovery Air Inc. (TSX: DA.A). On March 24, 2017, Clairvest entered into a definitive agreement to take Discovery Air private for $1.5 million.
Discovery Air Fire Service is a Northern Ontario based Aerial Operations Company which has been active in the Canadian aviation industry for over 60 years, with primary bases in Dryden, Kenora, and Sudbury Ontario. DAFS is focused on the provision of Airspace and Aircraft Management (Birddog) services, as well as Aerial Fire Surveillance and Air Charter. DAFS also has an Imagery Division that provides low level Infrared Services, Multispectral Imagery, and Electro-Optical and Infrared (EO/IR) services.
This acquisition adds aerial forest fire management, specialized charter aviation, and environmental monitoring services to MAG’s already robust ISR service offerings.
“DAFS has a long and proud history of providing real time situational awareness through aerial fire detection and management,” said MAG CEO, Joe Fluet. “We are thrilled to add DAFS to MAG as we continue to grow as the world’s leading provider of ISR Services.”
Woodbridge, Virginia based MAG Aerospace is a leader in providing and enabling global situational awareness to make the world smaller and safer. MAG Aerospace delivers manned and unmanned ISR operations, aviation training, aviation logistics, and technical services to federal, global, civilian, and commercial customers around the world.
Clairvest Equity Partners IV invested Momentum Aerospace Group (MAG) in 2013.
photo credit: MAG Aerospace