Acorn Capital Management Acquires Pan Am Flight Academy

Pan Am Flight Academy Acquires Alliance Aviation

January 7, 2026

Aerospace & Defense

Pan Am Flight Academy, a portfolio company of Acorn Capital Management, has acquired Alliance Aviation, a Part 142 flight training organization. Alliance will operate as a division of Pan Am under the continued leadership of owner Federico Flores, strengthening Pan Am’s simulator-based training capabilities and expanding its reach in Latin America.

Akima Acquires Pinnacle Solutions

July 3, 2023

Aerospace & Defense

Akima has completed the acquisition of Pinnacle Solutions, a Huntsville-based provider of aviation operations, flight training, simulation and sustainment services, bringing approximately 500 employees into the Akima family. The purchase expands Akima's aviation and training capabilities in the defense and aerospace markets and Pinnacle will operate as a wholly owned subsidiary under its existing leadership.

ACR Group Acquires FreeFlight Systems

March 3, 2020

Aerospace & Defense

ACR Group, a portfolio company of private equity firm The Jordan Company, has acquired FreeFlight Systems, a Texas-based designer and manufacturer of avionics systems for commercial and military aerospace customers. FreeFlight will operate as an independent subsidiary within ACR Group’s aviation portfolio; financial terms were not disclosed.

ProA Capital Acquires 70% Stake in Avioparts

September 7, 2023

Logistics & Distribution

Spanish private equity firm ProA Capital has agreed to acquire roughly 70% of Avioparts, a distributor of aircraft components, lubricants and logistics solutions, in a deal that values the company at about €40 million. The transaction is structured as a share purchase plus a capital increase to support Avioparts’ organic and inorganic growth; founder David Fojon will remain CEO and a minority shareholder.

Acorn Capital Completes Single-Asset Continuation Fund for Sentry Aerospares

June 11, 2025

Aerospace & Defense

Acorn Capital Management closed a single-asset continuation fund for Sentry Aerospares, co-led by Kline Hill Partners and LSV Advisors, providing liquidity to existing investors and extending Acorn's partnership with Sentry's management and founders. The new vehicle secures additional capital to support Sentry's global growth plans, including inventory expansion, technology upgrades, and potential acquisitions to strengthen its aftermarket supply chain and AOG capabilities.

McCarthy Capital Acquires CPaT Global from Clovis Point Capital

August 4, 2021

Cloud & SaaS

McCarthy Capital has acquired CPaT Global from Clovis Point Capital, with Clovis Point exiting its investment. CPaT Global, headquartered in Spring, Texas, is a provider of aviation-focused distance learning and an LMS platform; the transaction positions the company for accelerated growth under new private equity ownership.