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
“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
Past performance is no guarantee of future results and all investments are subject to loss.