Lynx 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.