NEWS
04/02/2018
Lynx FBO Destin facility ranked #4 in 2018 AIN FBO Survey
We are very proud and excited to announce that our Destin facility ranked 4th and one of the most improved in the recently published AIN FBO Survey for 2018! This industry survey polls FBO users from 4500 FBOs worldwide which evaluates line service, passenger amenities, pilot amenities, facilities, and customer service representatives. The full article is available…
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03/01/2018
Lynx FBO Network, a Portfolio Company of The Sterling Group, Acquires Fly Arkansas’ Little Rock FBO
March 1, 2018 (HOUSTON, TX) - The Sterling Group, a middle market private equity firm based in Houston, Texas, today announced that its platform company, Lynx FBO Network, has completed the acquisition of the FBO assets of Fly Arkansas at Clinton National Airport in Little Rock, Arkansas. Fly Arkansas retains the FBO at Boone County Airport and…
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01/12/2018
The Big Game – February 4, 2018
It’s not too late to make a reservation for the THE BIG GAME on February 4, 2018 in Minneapolis, Minnesota. Lynx FBO Network is pleased to offer you service to Minneapolis/St Paul through its Anoka County (KANE) facility. Our modern facility is the quickest and easiest access to the stadium and there is no TFR. Contact us…
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04/13/2017
LYNX FBO NETWORK, APPOINTS SCOTT KELLY AND DAN BUCARO TO THE BOARD OF DIRECTORS
April 12, 2017 (HOUSTON, TX) – Lynx FBO Network, a buy-and-build effort in the FBO (fixed base operator) industry, today announced the appointment of Scott Kelly, retired astronaut and US Navy captain, and Dan Bucaro, former CEO of Landmark Aviation, to its Board of Directors. In September 2016,The Sterling Group, a middle market private equity firm focused…
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01/03/2017
LYNX FBO NETWORK, A PORTFOLIO COMPANY OF THE STERLING GROUP, ACQUIRES TWO NEW LOCATIONS
January 3, 2017 (HOUSTON, TX) - The Sterling Group, a middle market private equity firm based in Houston, Texas, today 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…
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10/31/2016
LYNX FBO NETWORK, A PORTFOLIO COMPANY OF THE STERLING GROUP, ACQUIRES AURORA JET CENTER
October 31, 2016 (HOUSTON, TX) – The Sterling Group, a middle market private equity firm based in Houston, Texas, today announced the new name of its buy-and-build in the FBO industry, Lynx FBO Network (“Lynx”). Sterling has dedicated significant resources from its recent $1.25 billion fund to build Lynx into a leading FBO network providing fuel, ramp…
READ MORE
09/30/2016
THE STERLING GROUP ANNOUNCES FORMATION OF NEW FBO NETWORK, ACQUIRES DESTIN JET
September 30, 2016 (HOUSTON, TX) – The Sterling Group, a middle market private equity firm based in Houston, Texas, announced the creation of a new fixed based operator (“FBO”) network and the acquisition of Destin Jet. Today’s acquisition of Destin Jet, an FBO located at the Destin Executive Airport in Destin, Florida, is the first location in…
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04/02/2018
Lynx FBO Destin facility ranked #4 in 2018 AIN FBO Survey
We are very proud and excited to announce that our Destin facility ranked 4th and one of the most improved in the recently published AIN FBO Survey for 2018! This industry survey polls FBO users from 4500 FBOs worldwide which evaluates line service, passenger amenities, pilot amenities, facilities, and customer service representatives.
The full article is available at
https://www.ainonline.com/sites/default/files/pdf/ain_2018_fbosurvey_v.pdf.
03/01/2018
Lynx FBO Network, a Portfolio Company of The Sterling Group, Acquires Fly Arkansas’ Little Rock FBO
March 1, 2018 (HOUSTON, TX) - The Sterling Group, a middle market private equity firm based in
Houston, Texas, today announced that its platform company, Lynx FBO Network, has completed the
acquisition of the FBO assets of Fly Arkansas at Clinton National Airport in Little Rock, Arkansas. Fly
Arkansas retains the FBO at Boone County Airport and Aircraft Management and Charter. 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. This marks their sixth acquisition since inception.
“We’re thrilled to welcome Little Rock to our growing network,” said Chad Farischon, a partner with
Lynx. “Such an optimal location will allow us to better serve our customers across the southeast.”
Sterling has assembled a strong and experienced team to build the 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, Tyson
Goetz, and Matt DeLellis are former members of large networks including Trajen, Landmark Aviation and
Atlantic Aviation. The management team purchased and integrated over 50 FBOs over the course of their
careers.
“Little Rock is an ideal location for us to continue our network’s expansion,” said Greg Elliott. “This allows
us to further execute on our vision to create a preeminent, best-in-class FBO network.” Lynx currently
operates locations near Destin, Florida, Portland, Oregon, Minneapolis, Minnesota and now Little Rock,
Arkansas. Lynx and Sterling are actively seeking acquisitions in North America.
About The Sterling Group
Founded in 1982, The Sterling Group is a private equity investment firm that targets controlling interests in
basic manufacturing, distribution and industrial services companies. Typical enterprise values of these
companies range from $100 million to $750 million. Sterling has sponsored the buyout of 52 platform
companies and numerous add-on acquisitions for a total transaction value of over $10.0 billion. Currently,
Sterling has over $2.2 billion of assets under management. For further information, please visit
www.sterling-group.com.
Past performance is no guarantee of future results and all investments are subject to loss.
01/12/2018
The Big Game – February 4, 2018
It’s not too late to make a reservation for the THE BIG GAME on February 4, 2018 in Minneapolis, Minnesota. Lynx FBO Network is pleased to offer you service to Minneapolis/St Paul through its Anoka County (KANE) facility. Our modern facility is the quickest and easiest access to the stadium and there is no TFR. Contact us today to make your reservation.
04/13/2017
LYNX FBO NETWORK, APPOINTS SCOTT KELLY AND DAN BUCARO TO THE BOARD OF DIRECTORS
April 12, 2017 (HOUSTON, TX) – Lynx FBO Network, a buy-and-build effort in the FBO (fixed base operator) industry, today announced the appointment of Scott Kelly, retired astronaut and US Navy captain, and Dan Bucaro, former CEO of Landmark Aviation, to its Board of Directors. In September 2016,The Sterling Group, a middle market private equity firm focused on industrial businesses, began executing a plan to build a leading FBO network providing general aviation services. Lynx completed four acquisitions in the first four months of operations.
Scott Kelly is an astronaut and retired US Navy Captain who is a veteran of four space flights and commanded the International Space Station on three different expeditions. Dan Bucaro has been involved in the FBO industry for over 15 years, having built the Trajen, Encore and Landmark businesses. Dan was most recently CEO of Landmark Aviation, an FBO network with 70 locations that was sold by The Carlyle Group to BBA Aviation in February 2016.
“Scott will bring invaluable strategic and operational direction to the Board, and Dan brings unparalleled experience and success in the FBO industry,” said Greg Elliott, a Partner at The Sterling Group.“We are thrilled to be adding strength to the already deep team at Lynx.”
In addition, the company announced that Matt DeLellis joined as Chief Financial Officer and Leslie McIntyre joined as Executive Vice President of Human Resources. DeLellis was formerly the Senior Vice President for Strategy and Corporate Development and McIntyre was the Vice President of Human Resources, both at Landmark Aviation.
Sterling has assembled a strong and experienced team to build the new network. Greg Elliott, 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 the Trajen, Atlantic Aviation, and Landmark Aviation management teams and have been involved with the purchase and integration of over 50 FBOs over the course of their careers. Lynx is the sole service provider at air fields near Destin, Florida; Portland, Oregon; and Minneapolis, Minnesota and is actively pursuing further acquisitions.
About The Sterling Group
Founded in 1982, The Sterling Group is a private equity investment firm that targets controlling interests in basic manufacturing, distribution and industrial services companies. Typical enterprise values of these companies range from $100 million to $750 million. Sterling has sponsored the buyout of 50 platform companies and numerous add-on acquisitions for a total transaction value of over $10.0 billion. Currently, Sterling has over $2.2 billion of assets under management. For further information, please visit www.sterling-group.com.
01/03/2017
LYNX FBO NETWORK, A PORTFOLIO COMPANY OF THE STERLING GROUP, ACQUIRES TWO NEW LOCATIONS
January 3, 2017 (HOUSTON, TX) - The Sterling Group, a middle market private equity firm based in Houston, Texas, today 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," stated 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.
ABOUT THE STERLING GROUP
Founded in 1982, The Sterling Group is a private equity investment firm that targets controlling interests in basic manufacturing, distribution and industrial services companies. Typical enterprise values of these companies range from $100 million to $750 million. Sterling has sponsored the buyout of 49 platform companies and numerous add-on acquisitions for a total transaction value of over $10.0 billion. Currently, Sterling has over $2.2 billion of assets under management. For further information, please visit www.sterling-group.com.
10/31/2016
LYNX FBO NETWORK, A PORTFOLIO COMPANY OF THE STERLING GROUP, ACQUIRES AURORA JET CENTER
October 31, 2016 (HOUSTON, TX) – The Sterling Group, a middle market private equity firm based in Houston, Texas, today announced the new name of its buy-and-build in the FBO industry, Lynx FBO Network (“Lynx”). Sterling has dedicated significant resources from its recent $1.25 billion fund to build Lynx into a leading FBO network providing fuel, ramp and other services to the general aviation industry.
Sterling also announced Lynx’s acquisition of Aurora Jet Center at the Aurora State Airport serving the Portland, Oregon metropolitan area. “Aurora Jet Center is the primary provider on the airfield and has been growing substantially over the past several years. It is an exceptional addition to our new network,” said Chad Farischon and Tyson Goetz, leaders of 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 and Landmark Aviation management teams and have purchased and integrated over 50 FBOs over the course of their careers.
“This acquisition is further affirmation that we partnered with the right team,” said Greg Elliott. “The first two locations, both primary providers at their respective airports, are perfect representations of our vision for the Lynx network. We are just getting started.”
Lynx currently boasts locations in Destin, Florida and Aurora, Oregon. Sterling and management are actively seeking acquisitions in North America.
ABOUT THE STERLING GROUP
Founded in 1982, The Sterling Group is a private equity investment firm that targets controlling interests in basic manufacturing, distribution and industrial services companies. Typical enterprise values of these companies range from $100 million to $750 million. Sterling has sponsored the buyout of 49 platform companies and numerous add-on acquisitions for a total transaction value of over $10.0 billion. Currently, Sterling has over $2.2 billion of assets under management. For further information, please visit www.sterling-group.com.
09/30/2016
THE STERLING GROUP ANNOUNCES FORMATION OF NEW FBO NETWORK, ACQUIRES DESTIN JET
September 30, 2016 (HOUSTON, TX) – The Sterling Group, a middle market private equity firm based in Houston, Texas, announced the creation of a new fixed based operator (“FBO”) network and the acquisition of Destin Jet. Today’s acquisition of Destin Jet, an FBO located at the Destin Executive Airport in Destin, Florida, is the first location in the new network.
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 Chairman of Encore and Trajen, and Board member of Landmark Aviation. Chad Farischon and Tyson Goetz, former members of both the Trajen and Landmark Aviation management teams, will lead and manage the network, executing a buy-and-build strategy. Chad and Tyson have purchased and integrated over 50 FBOs over the course of their careers.
“Sterling is thrilled to partner with a talented team in Chad and Tyson,” said Greg Elliott. “Having worked together at both Trajen and Landmark, we knew that they were the right leaders to build a premiere network.”
“Sterling shares our vision to build a national leader in aviation services,” said Tyson Goetz. “Given their past experience in the industry and their track record of partnering with entrepreneurs to grow businesses through acquisitions, Sterling was the ideal partner for us.”
Destin Jet, the sole service provider on the Destin Executive Airport field, serves resort destinations in the Florida panhandle area and the Emerald Coast. Destin Jet’s facilities are world-class, featuring modern terminals with a wide range of passenger and crew amenities.
“We are looking forward to working with the airport and becoming an active member in the community,” stated Chad Farischon. “Destin is the perfect first location for our network given the best-in-class customer service and facilities, all built out under the superb leadership of Jay Odom. We look forward to building on this successful model across the country.”
Sterling and management are actively seeking acquisitions in North America.
ABOUT THE STERLING GROUP
Founded in 1982, The Sterling Group is a private equity investment firm that targets controlling interests in basic manufacturing, distribution and industrial services companies. Typical enterprise values of these companies range from $100 million to $750 million. Sterling has sponsored the buyout of 49 platform companies and numerous add-on acquisitions for a total transaction value of over $10.0 billion. Currently, Sterling has over $2.2 billion of assets under management. For further information, please visit www.sterling-group.com.
