M&A
confidence high
sentiment positive
materiality 0.75
Blade Air Mobility to acquire Trinity Air Medical for $23.1M cash; creates largest US organ air transport arranger
Strata Critical Medical, Inc.
- Upfront purchase price of $23.1M in cash; potential earn-out based on EBITDA growth over three years.
- Trinity generated ~$16M revenue in 2020 and is profitable; Blade MediMobility growing >60% per year.
- Trinity's CEO Seth Bacon and COO Scott Wunsch to lead Blade MediMobility post-close.
- Asset-light, multi-modal model; expects to transition to drones/EVA under Blade ownership.
- Transaction expected to close during week of September 13, 2021, subject to customary conditions.