- Press Releases
October 6 (Renewables Now) - US logistics company Takkion TP&L Holdings LLC on Tuesday announced the acquisition of Airway Services LLC, a domestic provider of project management, operations and maintenance (O&M) services for utility-scale wind energy projects, for an undisclosed amount.
Takkion is taking over Airway from family office-backed investment firms Northaven Capital Partners and Concentric Equity Partners. The Dallas, Texas-headquartered buyer is a portfolio company of US investment giant Apollo Global Management (NYSE:APO).
Set up in 2009, San Angelo, Texas-based Airway serves US original equipment manufacturers (OEMs) and asset owners through technical and operations teams in North America and the south Pacific. It provides services in wind turbine inspection and maintenance as well as construction support staffing. The company will retain its brand and existing management team after completion.
The acquisition is seen as a means to significantly enhance Takkion's offerings to the renewable energy supply chain.
Airway will complement the buyer's portfolio of acquired businesses -- Transportation Partners and Logistics (TP&L), Global Specialized Services (GSS) and, most recently in January, Renew Energy.