Fundamental Advisors Acquires BlueSky Helicopters

FST Technical Services Acquires Blue Sky Consulting Services

April 16, 2026

IT Services

FST Technical Services acquired Blue Sky Consulting Services to strengthen its QA/QC and testing capabilities and expand its building performance and compliance service footprint. The combined team will operate under a unified brand, giving clients access to broader technical resources across the full lifecycle of facilities.

Aspen Standard Wealth Acquires BlueSky Wealth Advisors

March 3, 2026

Wealth Management

Aspen Standard Wealth, LLC (Aspen) acquired BlueSky Wealth Advisors, LLC (BlueSky), a New Bern, North Carolina-based fee-only RIA with $1 billion in assets under management (AUM). Aspen described the acquisition as part of its strategy to provide independent RIAs a “permanent home” while preserving firm identity and leadership.

Fundamental Advisors Acquires Trans Aero Ltd

July 31, 2025

Aerospace & Defense

Fundamental Advisors has acquired Trans Aero Ltd, a Cheyenne-based operator of utility, fire suppression and MedEvac helicopter services, adding a fleet of 11 helicopters to the firm's public service helicopter strategy. Terms were not disclosed; the deal is the second acquisition under Fundamental's helicopter investment strategy following an earlier investment in HeloAir and is intended to expand the firm's capability to provide essential aviation services to municipal, government and hospital clients across the United States.

SKY Leasing Acquires JetBlue Ventures

May 5, 2025

Financial Services

SKY Leasing has acquired JetBlue Ventures, JetBlue Airways' corporate venture capital arm. The deal transfers ownership of the San Francisco–based VC firm to SKY while JetBlue remains a strategic partner and JetBlue Ventures continues to manage its existing and future investments under a brand licensing agreement.

Fundamental Advisors Acquires HeloAir, Inc.

January 9, 2025

Transportation

Fundamental Advisors launched a helicopter investment strategy and acquired HeloAir, Inc., a Richmond, Virginia-based regional operator of utility and fire-suppression helicopters. HeloAir founder Whit Baldwin will remain with a retained stake and the deal establishes a platform for Fundamental to expand capabilities and pursue complementary acquisitions in aerial public-safety and infrastructure monitoring services.

ACR Group Acquires Blue Sky Network

July 7, 2022

Aerospace & Defense

ACR Group Corporation has acquired Blue Sky Network; Greenwich Capital Group acted as exclusive financial advisor to Blue Sky Network on the transaction. Blue Sky Network will retain its management, brand and engineering capabilities and will join ACR Group’s portfolio to extend satellite communications, tracking and fleet-management offerings across aerospace, government, maritime and commercial markets.