LONDON, UK: Air Partner, the global aviation services group, has acquired the entire issued share capital of Kenyon International Emergency Services, a world leader in emergency planning and incident response, from PT Lobos LLC, a news release said
PT Lobos LLC is owned by Robert A. Jensen, Brandon D. Jones and Sean Gates.
The total consideration payable by Air Partner is up to $11.7 million, on a debt free, cash free basis, with an initial consideration of $10.3 million payable on completion and deferred conditional consideration of $1.4 million payable in cash or shares after 12 months.
The Acquisition is being funded from the Company’s existing cash and debt facilities. Post transaction, the Group has net cash of £8.3m, excluding JetCard cash, and access to a debt facility of £9.5m.
Kenyon International Emergency Services is a world leading emergency planning and incident response company. Established as Kenyon Emergency Services in 1906, Kenyon has built a world-class reputation over the last 115 years as a leading provider of specialised support to the private and public sectors during and post emergency incidents.
The company has responded to more than 350 incidents worldwide, working for and with local and national governments, regulatory bodies, emergency services, blue-chip corporates and other parties. Incidents have been varied in nature and have included human error, humanitarian relief, acts of terrorism, pandemics and climate-related extreme events.
Robert A. Jensen, Kenyon Chairman, who has been with Kenyon since 1998 and majority shareholder for over 15 years, will remain with the business until 31st December 2021 to assist in the transition and integration of the business.
Thereafter, Robert will move to an advisory role as Chairman Emeritus. Conor Prendergast, Managing Director of Kenyon, will hold responsibility for the day-to-day running of Kenyon and will report directly to Air Partner CEO Mark Briffa.
Mark Briffa, CEO of Air Partner plc, said: “Kenyon International Emergency Services is an exceptional business and a true leader in the field of emergency planning and incident response. With unparalleled levels of experience built up over 115 years, Kenyon is trusted by a wide range of customers across the globe, including governments and blue-chip corporates, to deliver world-class specialised support.
Air Partner and Kenyon are two highly complementary businesses, providing significant opportunities to leverage each other’s skills, heritage and impressive customer bases.
The acquisition will immediately enhance our existing consulting, training and emergency response activities and adds new post-emergency capabilities in incident management, as well as extending our sector reach and global offering. The experience, products and services we are able to harness across the Air Partner Group with the addition of Kenyon is unmatched.”
Robert A. Jensen, Chairman of Kenyon International Emergency Services, said: “Kenyon was the world’s first emergency response provider and now, with experience built up over 115 years, it is a leader in its field, with best practice developed through multiple major deployments.
Kenyon regards the sharing of knowledge as a priority and much of what is regarded as best practice in industry and government has arisen from this. By joining with the Air Partner Group, together we are again expanding the definition of emergency planning and incident response to meet the evolving needs of business and governments in a fast-changing global environment.
This transaction brings together the extensive real-world experience and resources of two complementary organisations, creating a powerful group that will allow its customers to further consolidate their incident planning, training and response operations into a more integrated system.
This system will ultimately benefit those who we have always seen as the ultimate customer – the companies, survivors, and families involved in these emergencies.
Finally, thank you to my husband, the dedicated team at Kenyon, our full and part-time staff, associates, team members and clients and the many government agencies that I have worked with over the last 23 years as we have built Kenyon into the company it is today. I am sincerely grateful for all that you have done and allowed me to do. I look forward to working with you, albeit in a different role, as you take Kenyon to the next level.”
Blackdown Partners acted as Financial Adviser to PT Lobos LLC.
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26 Aug, 4:00 pm GMT+1 ·Disclaimer
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