|
The Sterling Group, a middle market private
equity firm based in Houston, Texas, has announced that its platform company,
Lynx FBO Network, has completed two acquisitions at Anoka County-Blaine Airport
serving the Minneapolis/St. Paul metropolitan area, with prime access to US Bank
Stadium and downtown Minneapolis.
Lynx simultaneously acquired both Cirrus
Flight Operations and Key Air Twin Cities. "We look forward to bringing the Lynx
level of service and our extensive FBO expertise to the Minneapolis/St. Paul
area," said Chad Farischon,
a Partner with Lynx.
In August 2016, Sterling launched Lynx, a
buy-and-build effort in the FBO industry, and is executing a plan to build a
leading FBO network providing general aviation services. The Cirrus and Key
locations at Anoka mark the third and fourth acquisitions for Lynx during the
first four months of operations.
"Key Air Twin Cities has developed world class
FBO terminal and hangar facilities, a state of the art fuel farm, and a large
ramp capable of handling significant aircraft activity in a safe and efficient
manner. Those attributes combined with the Lynx team's experience in handling
special events, the ease of access to US Bank stadium, and a group of talented
employees joining our team from both Cirrus and Key make Lynx the optimal
location to serve our customers during the 2018 Super Bowl," said
Tyson Goetz,
a Partner with Lynx.
Sterling has assembled a strong and
experienced team to build the new network. Greg Elliott, a Partner at The
Sterling Group, has been involved in building several FBO networks in the past
fifteen years, including roles as the Chairman of Encore and Trajen, and Board
member of Landmark Aviation. Chad Farischon and Tyson Goetz are former members
of both the Trajen, Atlantic Aviation, and Landmark Aviation management teams
and have purchased and integrated over 50 FBOs over the course of their careers.
The pipeline for further acquisitions remains strong.
"Anoka County is an excellent addition to our
rapidly growing network," said Greg
Elliott. Lynx currently operates
locations near Destin, Florida, Portland, Oregon and now Minneapolis, Minnesota.
Lynx and Sterling are actively seeking acquisitions in North America.
|
