Alantra acted as exclusive sell-side advisor to General Transervice, Inc. (dba Rampmaster), a premier designer and manufacturer of aircraft refueling solutions for commercial and general aviation markets, on its sale to entities controlled by ATL Partners (“ATL”), a middle-market private equity firm focused on commercial aerospace, national security, and transportation & logistics sectors. Following the transaction, Rampmaster will combine with SkyMark Companies to create a leading specialty vehicle equipment platform serving the aviation and transportation-related end markets.
Headquartered in Coatesville, Pennsylvania, Rampmaster designs and assembles specialized refueling trucks for commercial, general aviation, cargo, and defense clients. Founded in 1968 and operating as a family-owned business, the company has evolved into a national leader in modular refueling systems, serving blue-chip customers across the aviation ecosystem. The transaction marks a key milestone for Rampmaster, whose management team sought a strategic partner to support its next phase of growth, which they found in ATL, a thematic investor with an established thesis in ground support equipment (GSE) and aviation services.
Wade Aust, Managing Partner at Alantra, commented: “Rampmaster marks Alantra’s third ground support equipment transaction and 11th overall Aerospace & Defense transaction in the past 12 months which clearly demonstrates the strength of our sector expertise which we leverage to deliver successful outcomes to our clients. This mandate reflects our ability to support management teams in identifying strategic partners that understand sector complexity and growth potential.”
Rampmaster CEO Leighton (Lee) Yohannan said, “Alantra did an excellent job understanding our business and then finding us the right partner in ATL who shares our passion for building a leading platform in the sector to better serve our customers and to capture the exciting tailwinds we are experiencing in the aviation refueling and ground support equipment space. Further, Alantra served as expert advisors guiding us through the intricacies of the M&A process to help us achieve an outstanding outcome for the shareholders, management team and the company.”
“We spent a considerable amount of time with Lee and the rest of the Rampmaster leadership team to try to really understand the culture and the different ways the company distinguishes itself in the marketplace so we could help them find the right partner. It quickly became clear that the Rampmaster leadership has taken great care to continuously reinvent themselves by improving its product designs and enhancing the overall customer experience finding new offerings and ways to better serve the market. ATL not only appreciated these points of differentiation, but also possess the sector expertise to support the company’s next phase of growth,” said David Waldstein, Managing Director at Alantra.
This transaction represents Alantra’s 11th Aerospace & Defense transaction in the past 12 months and its third in the GSE sector in 2025, including the sale of Aeroservicios to CSI Leasing, a subsidiary of Tokyo Century Corporation, and advising TLD Group SAS on its acquisition of Wollard International. It also follows recent mandates such as the sale of Airforce Turbine Service (ATS) to McNally Capital, reinforcing Alantra’s strong momentum in Aerospace & Defense and the Industrials space
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