Blade Air Mobility today announced that it has entered into a definitive agreement to acquire Trinity Air Medical, a nationwide, multi-modal organ logistics and transportation company. The transaction is expected to close next week.
Blade said it agreed to Blade to purchase 100% of Trinity’s capital stock for an upfront purchase price of approximately $23 million and potential additional contingent consideration based on the achievement by Trinity of certain EBITDA growth targets over a three-year period.
