Private Equity
Canadian private equity firm Roynat Equity Partners has sold its interest in SkyTrac Systems Ltd, a Kelowna, British Columbia-based provider of business solutions to the non-scheduled commercial aviation industry. No financial terms were disclosed for the deal, which saw SkyTrac go to Drew Marine Global Holdings, a portfolio company of U.S. private equity firm Jordan Co. Established in 1986, SkyTrac serves more than 6,500 users with flight following, flight data and communications technology. It will continue as an independent brand affiliated with U.S.-based Drew Marine's emergency beacon unit. Roynat invested in SkyTrac's management buyout in 2013.

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