Return to front page
navigation FBO Operator Interior Recruitment Training OEM MRO Support Rotor
Translation and Social Media. BlueSky App Twitter French German Spanish Italian Portuguese Chinese Arabic Search Facebook

Islip, New York

NOVA and Wafra launch FBO joint venture

Firms invest in Hawthorne Global Aviation Services



Wafra Inc., a global alternative investment manager and infrastructure investment firm, NOVA Infrastructure, have announced an investment in Hawthorne Global Aviation Services.

Hawthorne is a leading US FBO with six locations, including four sole-source locations and three within top-10 Metropolitan Areas. Funds managed by Wafra and NOVA acquired Hawthorne from Moelis Capital Partners, which had owned Hawthorne since 2011.

With locations in New York, Chicago, and Atlanta, as well as highly desirable smaller markets, Hawthorne is positioned to capitalize on tailwinds in corporate and general aviation traffic across North America. Hawthorne’s locations collectively offer a range of essential services, including fueling, hangaring and other ancillary services.

“We believe Hawthorne's existing locations form a leading, multi-region FBO network, and with NOVA and Wafra's support, we look forward to expanding our footprint to serve a greater portion of the aviation industry,” said Chuck Kegley, CEO of Hawthorne.

Chris Beall, Managing Partner and Founder of NOVA, added, “We are excited to partner with the Hawthorne and Wafra teams to build a first-class aviation platform. We think the management team and assets are well-suited for this purpose and are excited to support this growing middle market company.”

“Hawthorne has a history of strong operational performance and this investment represents an opportunity for organic and strategic growth in the fragmented market of FBOs. Together with NOVA, we look forward to seeing Hawthorne expand its reach, realizing its potential as a leading platform of FBO assets,” said Adel Alderbas, Chief Investment Officer of Wafra.

click to visit Air bp



























BlueSky Business Aviation News | 17th March 2022 | Issue #645


Back to our front page Order your FREE weekly copy of BlueSky now!