British aircraft services company BBA Aviation is reported to be in talks to acquire US competitor Landmark Aviation, which could be valued at more than USD$2 billion including debt.
BBA is participating in a sale process for Landmark Aviation, which is owned by private equity firm Carlyle and has attracted several bidders, including buyout firms.
Landmark Aviation has been exploring a sale as the corporate jet market is slowly recovering from a downturn sparked by the global financial crisis, helping valuations for companies offering services to that industry.
Houston-based Landmark Aviation provides engine maintenance, repair and overhaul, and nose-to-tail services that include airframe, interior refurbishments, paint and charter management for private aircraft.
London-based BBA, which has a market cap of about GBP£1.3 billion (USD$2 billion), has made several acquisitions of on-airport facilities servicing corporate jets in the Boston and Detroit areas in recent years.
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