Fundamental Advisors Acquires Trans Aero Ltd

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.