Private equity fund AE Industrial Partners acquired a majority stake in Alpine Air Express (AIP, Provo) for an undisclosed sum.
As a part of the transaction, the current CEO Michael Dancy will continue to occupy his post at Alpine Air Express.
Alpine Air Express is a Part 135 air cargo specialist focused primarily on the western United States. The airline operates over forty aircraft in total, including Beech 1900C, Beech 1900D, and Beech 99 turboprops.
AE Industrial Partners focuses on investment in aerospace, defence, and power generation.
