Setouchi Holdings has acquired Quest Aircraft Company

Lincoln International (“Lincoln”), a leading global mid-market investment bank, is pleased to announce that Setouchi Holdings, Inc., a member of the Tsuneishi Group, has acquired Quest Aircraft Company (“Quest”). The Tsuneishi Group, which is headquartered in Hiroshima, Japan, is a well-established global entity with solid roots in the shipbuilding, transportation and related industries.

Lincoln acted as the exclusive financial advisor to Setouchi Holdings, Inc., working closely with management throughout the acquisition process by providing valuation guidance, coordinating due diligence, advising on negotiations and supporting the process.

“We are very excited to have a strong organization such as the Tsuneishi Group believe in Quest, our products and our philosophy and invest its resources in the company,” said Sam Hill, Quest CEO. “Over the last few years, we have experienced steady growth and with new financial capitalization and a shared understanding of the potential opportunities in the marketplace for expansion, we are looking forward to significant growth for Quest in the years ahead.”

Quest will remain headquartered in Sandpoint, Idaho, as will its manufacturing operations. The existing leadership team, led by Sam Hill, will continue to oversee and manage the organization. As production ramps up and growth in other areas of the company increases, plans for both physical and personnel expansion will be developed and implemented.

Quest Aircraft Company, headquartered in Sandpoint, Idaho, is the manufacturer of the KODIAK, a 10-place single engine turboprop airplane, designed for STOL use and float capability. It offers proven turbine reliability with the Pratt & Whitney PT6 turbine engine, can take off in under 1,000 feet at full gross takeoff weight of 7,255 lbs and climb at over 1,300 feet per minute. KODIAKs are in operation around the world in key market segments, including personal use, Part 135 operations, government and humanitarian organizations. The KODIAK is certified in 17 countries, with several additional certifications imminent.

Setouchi Holdings has acquired Quest Aircraft Company
  • 2015
    Close Year
  • Aerospace & Defense | Industrials
  • Private
    Client Type
  • Strategic | Cross-border
    Transaction Type
  • Japan | USA

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