IKHANA Group LLC
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IKHANA Group LLC - overview
Established
2007
Location
Murrieta, CA, US
Primary Industry
Aerospace
About
IKHANA Group LLC is a specialized engineering firm providing solutions for aircraft modifications and certifications, focusing on military standards and commercial aviation needs. Founded in 2007 and headquartered in Murrieta, US, IKHANA Group LLC is known for its expertise in aircraft engineering and modifications. The company was acquired by AEVEX Aerospace, LLC in October 2020, which is a portfolio entity of CoVant and Madison Dearborn Partners. The acquisition details were not disclosed.
The current CEO is John Zublin. IKHANA Group LLC specializes in aircraft engineering and modification, utilizing over 40 years of industry expertise. Its key offerings include military and commercial aircraft modifications, hybrid certification services compliant with military standards (MIL-HDBK-516) and aviation authorities (FAA/EASA). Notable products involve the VIKING Twin Otter Re-Life® and modifications for VIKING Guardian 400 and DHC-6 aircraft, catering to life extension, special mission integration, and enhanced performance for military and commercial clients, including government agencies, defense contractors, and commercial aviation operators across North America, Europe, and parts of Asia.
IKHANA Group LLC generates revenue through direct contracts and partnerships with military and commercial clients, focusing on B2B transactions. The revenue structure primarily consists of fixed-price contracts for modification projects and ongoing service agreements for aircraft maintenance and upgrades. Products like the VIKING Twin Otter modifications are sold at a premium, reflecting advanced engineering and quality assurance processes. Transactions are tailored to client specifications, supported by detailed proposals outlining project scope and costs.
The firm adopts a strategic pricing approach to maintain competitiveness while offering high-value engineering solutions. Post-acquisition by AEVEX Aerospace in October 2020, IKHANA Group LLC plans to leverage AEVEX's resources to enhance its product offerings and expand into new markets. The company is focusing on developing new aircraft modification solutions designed for emerging military needs and anticipates launching these products by late 2023. Additionally, there are plans to enter new geographic markets, specifically targeting clients in Southeast Asia and the Middle East by 2025.
The funding from the acquisition will support these initiatives, enabling IKHANA to enhance its engineering capabilities and broaden its client base.
Current Investors
AEVEX Aerospace, LLC
Primary Industry
Aerospace
Sub Industries
Aerospace
Website
www.ikhanagroup.com
Verticals
Manufacturing
Company Stage
Add-on
Total Amount Raised
Subscriber access only
IKHANA Group LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | IKHANA Group LLC | - |
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