NEWS

10/01/2019

 Lynx FBO Network Enters New York Metropolitan Area Market, Acquires Morristown FBO

02/04/2019

Lynx FBO Network, A Portfolio Company of The Sterling Group, Acquires Fort Lauderdale FBO

HOUSTON, Feb. 4, 2019 /PRNewswire/ -- Lynx FBO Network (Lynx), a portfolio company of The Sterling Group, announced today it has acquired the FBO assets of World Jet, Inc. at Fort Lauderdale Executive Airport (FXE) in Fort Lauderdale, Florida.  The acquisition will mark Lynx's seventh FBO location.

"We see this expansion into the Florida market, and in particular South Florida, as an integral part of our growing network of FBOs.  Lynx looks forward to working with the Fort Lauderdale Executive Airport, the city of Fort Lauderdaleand the local FBO team to deliver a best-in-class service offering for our customers in the South Florida region," said Chad Farischon, President & Partner with Lynx.

In the coming months, Lynx will be making significant investments in the newly acquired facility, including a refresh of the facility grounds and the design and development of a new FBO terminal.

Lynx is a rapidly growing network of FBOs in the general aviation industry with locations in Destin, Florida, Minneapolis(Anoka), Minnesota, Portland (Aurora), Oregon, Little Rock, Arkansas, Napa, California, Pittsburgh, Pennsylvania and now Fort Lauderdale, Florida.  The Lynx vision is to build a values-based FBO network known for exceptional service and quality, a rewarding team member experience, and a commitment to continuing excellence.  The Lynx team is comprised of industry veterans who have worked together building FBO networks over many years, serving in management roles at numerous large FBO networks including Landmark Aviation, Atlantic Aviation and Trajen. Lynx and Sterling continue to actively seek FBO acquisitions in North America.

Honigman Miller Schwartz & Cohn LLP served as legal advisor to Lynx in the acquisition.

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 54 platform companies and numerous add-on acquisitions for a total transaction value of over $10.0 billion. Currently, Sterling has over $1.9 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.

SOURCE Lynx FBO Network

10/22/2018

Lynx FBO Network to Acquire Pittsburgh FBO

HOUSTON, Oct. 22, 2018 /PRNewswire/ -- Lynx FBO Network (Lynx), a portfolio company of The Sterling Group, announced today it has reached an agreement to acquire the FBO assets of Voyager Jet Center (Voyager Jet) at Allegheny County Airport (AGC) in Pittsburgh, Pennsylvania.  The acquisition, which is expected to close by the end of the month, will mark Lynx's sixth FBO location and third FBO acquired this year.

"We believe the Pittsburgh market, and its rise as a global innovation city, is a perfect complement to our growing network of FBOs and we look forward to working with the Allegheny County Airport Authority (ACAA), Voyager Jet and the local FBO team to deliver a best-in-class service offering for our customers in the Mid-Atlantic region," said Matt DeLellis, Chief Financial Officer with Lynx.

Voyager Jet will continue to operate its executive aircraft management, private jet charter, corporate jet sales and maintenance businesses out of the same facilities, now as a tenant of Lynx.  Charles P. Falce, Chief Executive Officer of Voyager Jet, added, "We are excited to be partnering with a national FBO operator with Lynx's pedigree on this journey.  This is a positive move for our customers, our employees, the Allegheny County Airport, and the local aviation community."  Voyager Jet has been offering premier private jet services at AGC since its inception in 2001 with the goal to delight every customer, every time by delivering exceptional aircraft service, trusted advice, and an uncompromised dedication to safe, secure travel for those who choose private aviation.

Lynx is a rapidly growing network of FBOs in the general aviation industry with locations in Destin, Florida, Minneapolis(Anoka), Minnesota, Portland (Aurora), Oregon, Little Rock, Arkansas, Napa, California and soon Pittsburgh, Pennsylvania.  The Lynx vision is to build a values-based FBO network known for exceptional service and quality, a rewarding team member experience, and a commitment to continuing excellence.  The Lynx team is comprised of industry veterans who have worked together building FBO networks over many years, serving in management roles at numerous large FBO networks including Landmark Aviation, Atlantic Aviation and Trajen.  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.  Honigman Miller Schwartz & Cohn LLP served as legal advisor to Lynx in the acquisition.  Lynx and Sterling continue to actively seek FBO acquisitions in North America.

06/15/2018

Lynx FBO Network Acquiring Napa Jet Center, Hires Carrie Campbell

Lynx FBO Network

News provided by

Jun 06, 2018, 18:30 ET

HOUSTON, June 6, 2018 /PRNewswire/ -- Lynx FBO Network (Lynx), a portfolio company of The Sterling Group, announced today that it is acquiring Napa Jet Center, the premier general aviation service provider in the Napa Valley. The acquisition of Napa Jet Center will mark Lynx's seventh acquisition since inception and second this year, and represents another opportunity for Lynx to invest significant resources towards developing a best-in-class fixed base operator (FBO) facility with industry-leading service ratings. Lynx plans to execute significant investments in the Napa facility, including the design and development of a world-class FBO campus reflective of the FBO's role as the gateway to the Napa Valley.

Lynx is also pleased to announce the hiring of Carrie Campbell to serve as the General Manager of Lynx's newest FBO location in Napa. Carrie previously worked with the Lynx management team while at Landmark Aviation where she served as general manager for the San Diego FBO. In addition to managing the general aviation operations at one of the busiest single-runway airports in the country, she successfully oversaw the onsite construction of the world-class FBO facility completed there in 2014.

"Lynx management is thrilled by the pending acquisition of Napa Jet Center and excited to once again work with Carrie Campbell. The partnership between Lynx, the Napa aviation community and industry veteran Carrie will result in dramatic investments in, and improvements to, our customers' aviation needs in and around Napa," stated Tyson Goetz, a Partner with Lynx.

Lynx is a rapidly growing network of FBOs in the general aviation industry with locations in Destin, Florida, Minneapolis (Anoka), Minnesota, Portland (Aurora), Oregon, Little Rock, Arkansas and soon Napa, California. The Lynx team is comprised of industry veterans who have worked together building FBO networks over many years, serving in management roles at numerous large FBO networks including Landmark Aviation, Atlantic Aviation and Trajen. Over the course of their careers, Chad Farischon, Tyson Goetz and Matt DeLellis have purchased and integrated over 50 FBOs, as well as managed marquee locations including FBOs in Aspen, Teterboro and Miami. 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. Lynx and Sterling continue to actively seek FBO acquisitions in North America.

Terms of the transaction were not disclosed. Honigman Miller Schwartz & Cohn LLP served as legal advisor to Lynx.

SOURCE Lynx FBO Network

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 4^th 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

10/31/2016

LYNX FBO NETWORK, A PORTFOLIO COMPANY OF THE STERLING GROUP, ACQUIRES AURORA JET CENTER

09/30/2016

THE STERLING GROUP ANNOUNCES FORMATION OF NEW FBO NETWORK, ACQUIRES DESTIN JET