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 $2.4 billion of assets under management. For further information, please visit www.sterling-group.com.
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SOURCE The Sterling Group