Aviotec Management Group

Aviotec Management Group (Aviotec) is a Florida-based airline service company founded by two industry professionals. Its purpose is to provide essential ground handling, management and staffing services to airlines and other industry stakeholders at commercial airports in North America.

Outsourcing of flight handling activities by airlines has grown steadily over the past 30 years as airlines have become increasingly dependent upon service companies. With a limited B2B market, the airline service business relies heavily on reputation and relationships. In 1995, Victor Mena, founded Pacific Aviation, an airline ground handling company serving primarily foreign airlines at three major west coast airports. Over 25 years under the leadership of Victor Mena (CEO) and Toshko Korchev (VP of Operations), the company grew to become one of the nation’s most respected service providers. 

The executive team at Aviotec now sees an opportunity to capitalize on their unique position in the marketplace, and offer to their previous clients operating at other locations the trusted and reliable service they have come to expect. In addition, the company can offer them and others innovative solutions to the new challenges they face in the post-Covid-19 world.

Aviotec seeks to acquire 90% of the shares of Superior Aircraft Services, an airline service company on the east coast. Current conditions create an opportunity to buy the company at a lower price and position it for growth as travel begins to return to pre-Covid levels over the next two years. 

Under the management of Aviotec Management Group, Superior Aircraft Services is expected to grow rapidly over the first 24 months with annualized revenue increasing to $17 million from $10 million in 2019. Rapid growth will continue over 3 to 5 years as the company expands to provide more services at other airports. Management’s goal is to have annual sales of $30 million by year 5 with returns of 10%-15%, positioning it for a sale at a 6x valuation.