AirNet II

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AirNet II - overview

Established

1974

Location

Columbus, OH, US

Primary Industry

Aerospace

About

AirNet II is a logistics company specializing in expedited transportation solutions, focusing on mission-critical deliveries in sectors such as life sciences, automotive, and aviation, ensuring timely and reliable service. Founded in 1974 and headquartered in Columbus, US, AirNet II provides logistics solutions particularly for expedited transportation. In February 2012, a significant pivot occurred when MNX Inc acquired the Same Day Express/Next Flight Out business of AirNet. The company has raised a total of USD 28.


70 mn through its latest funding round, which was a Buyout led by Bayside Capital and H. I. G. Capital.


AirNet II specializes in expedited logistics and transportation solutions, focusing on mission-critical deliveries across various sectors, including life sciences, automotive, and aviation. The company’s core offerings encompass the rapid transportation of dangerous goods, clinical trial materials, organs, tissue samples, and radiopharmaceuticals, ensuring timely and precise delivery that is essential in scenarios where every second counts. Their services cater to a diverse client base that includes healthcare organizations, automotive manufacturers, and airlines, all of which require reliable and swift logistics to maintain operations and meet regulatory requirements. AirNet’s solutions leverage an extensive transportation network, enabling them to offer services across North America and select international markets, with a commitment to safety, compliance, and efficiency.


The company also provides specialized transportation for Aircraft on Ground (AOG) situations, ensuring minimal downtime for airlines by delivering essential parts and tools swiftly. AirNet II operates on a transactional revenue model characterized by direct B2B engagements with clients spanning various industries. Revenue is generated through the provision of customized shipping solutions and charter services tailored to meet the unique needs of their clients. Transactions typically involve agreements for on-demand transportation, scheduled cargo charters, and specialized handling of high-value and hazardous materials.


The pricing structure is influenced by the urgency and complexity of the services provided, with specific plans developed based on client requirements and shipment specifications. AirNet's revenue streams are driven by a combination of service contracts and one-time shipments, focusing on building long-term partnerships that ensure repeat business and loyalty among their clientele. As of the latest updates, AirNet II is poised to enhance its service offerings and expand its market reach. The company is designing new logistics solutions aimed at increasing efficiency in high-stakes deliveries, although specific product launch dates have not been announced.


Plans for geographic expansion are in place, targeting key areas in North America and select international markets by 2025. The recent funding of USD 28. 70 mn will support these initiatives, facilitating enhanced capabilities and broader market penetration to meet the evolving demands of their clients.


Current Investors

H.I.G. Capital, Bayside Capital

Primary Industry

Aerospace

Sub Industries

Aerospace

Website

www.airnet.com

Total Amount Raised

Subscriber access only

AirNet II - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Trade SaleCompletedAirNet II-
BuyoutCompletedAirNet II-

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