Top Aces Inc.
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Top Aces Inc. - overview
Established
2000
Location
Dorval, QC, Canada
Primary Industry
Aerospace
About
Based in Canada, Discovery Air Inc. specializes in providing aviation services and training programs for military forces, focusing on enhancing combat readiness through realistic air training scenarios. Discovery Air Inc. operates as a provider of aviation services, particularly in military training.
Founded in 2000 and headquartered in Dorval, Canada, the company has undertaken six significant deals, with its most recent deal occurring on May 11, 2015. In this transaction, Clairvest Group acquired a 5. 2% minority stake in the company for CAD 1. 27 million.
The firm has evolved its service offerings to meet the needs of military clients and has established partnerships with various defense organizations. The current CEO's information is not available, and there are no known details regarding the founders' previous companies. Discovery Air Inc. is a premier provider of live-fly Adversary Air (ADAIR) and Close Air Support (CAS) training, primarily aimed at enhancing military readiness and combat effectiveness.
Their offerings include advanced adversary air training utilizing specialized aircraft such as the Lockheed Martin F-16A, Douglas A-4 Skyhawk, and Dornier Alpha Jet. These aircraft are employed in high-fidelity simulations that replicate enemy tactics in combat scenarios for military clients globally. Additionally, Discovery Air provides Joint Terminal Attack Controller (JTAC) training, equipping personnel with essential skills for close air support missions. In the most recent fiscal year, Discovery Air reported a revenue of CAD 128,936,400 and an EBITDA of CAD 13,450,200.
The company generates revenue through contracts with military clients, structured around service-based transactions for training programs, which include comprehensive packages tailored to their operational requirements. Discovery Air Inc. plans to leverage its most recent funding of CAD 100. 000 mn from the GROWTH funding round to enhance its business expertise and expand its market presence.
The company is focused on launching new training programs and expanding its services into new geographic regions by 2025, particularly targeting markets in Europe and Australia. This strategic approach is designed to position Discovery Air for further growth in the defense training sector.
Current Investors
Clairvest GP Manageco, CDPQ, Morgan Stanley Investment Management
Primary Industry
Aerospace
Sub Industries
Aerospace
Website
www.topaces.com
Total Amount Raised
Subscriber access only
Top Aces Inc. - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Growth | Completed | Top Aces Inc. | - | ||||||||
| Growth | Completed | Top Aces Inc. | - | ||||||||
| Restructuring | Completed | Top Aces Inc. | - | ||||||||
| Public to Private | Completed | Top Aces Inc. | - | ||||||||
| PIPE | Completed | Top Aces Inc. | - |
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