The Sterling Group, L.P. and Capitol Meridian Partners LP entered into a definitive agreement to acquire PrimeFlight Aviation Services, Inc. from The Carlyle Group Inc. (NasdaqGS:CG) on March 6, 2023. The acquisition of PrimeFlight will represent a 50/50 partnership between The Sterling Group and Capitol Meridian Partners. The transaction will close upon satisfaction of customary closing conditions. Paul F. Sheridan, Jr. and J. Cory Tull of Latham & Watkins, LLP is serving as legal counsel to PrimeFlight and Carlyle, and Morgan Stanley & Co LLC and Jefferies, LLC served as financial advisors to PrimeFlight. Gregory Metz, Patrick Rowe, Daniel Campbell, Stéphane Dionnet, Jed Gordon, Greg Heltzer, Jacob Hollinger, Sharon Lamb, Brian Mead, Sam Neel, Christian Rolf, Alex Ruiz, David Saunders, Deniz Tschammler, Allison Wilkerson, Margaret Cremin, Alan Kashdan and Christian Marzlin of McDermott Will & Emery is serving as legal counsel to Capitol Meridian Partners and The Sterling Group. KippsDeSanto & Company acted as financial advisor to PrimeFlight Aviation Services.

The Sterling Group, L.P. and Capitol Meridian Partners LP completed the acquisition PrimeFlight Aviation Services, Inc. from The Carlyle Group Inc. (NasdaqGS:CG) in May 2023.