- December 21, 2020, 12:09 PM
Signature Aviation and its Signature Flight Support FBO chain, which operates more than 200 locations globally, could be acquired by private-equity firm Blackstone Infrastructure Advisors and Blackstone Core Equity Management Associates. (Photo: Signature Aviation)
UK-based Signature Aviation the parent company of Signature Flight Support, which operates the world’s largest FBO network could soon be sold to private-equity firm Blackstone Infrastructure Advisors and Blackstone Core Equity Management Associates for approximately $4 billion, according to a statement released today by Signature. Blackstone has more than $580 billion in assets under management.
This latest overture, the sixth from Blackstone to Signature since February, equates to a possible cash offer of $5.17 per share. According to a note issued today to its investors in response to recent share increases as word of the offer leaked, Signature stated, “Having considered the terms
Lynx FBO Network, a Portfolio Company of The Sterling Group, Acquires Providence, RI FBO
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HOUSTON, Dec. 15, 2020 /PRNewswire/ Lynx FBO Network ( Lynx ), a portfolio company of The Sterling Group, announced today it has acquired the FBO assets of Northstar Aviation at the Theodore Francis Green State Airport (PVD) in Providence, Rhode Island. The acquisition marks Lynx s ninth FBO location. We are excited to further expand the Lynx FBO Network in the Northeast United States, and Providence will greatly enhance our East Coast presence. We look forward to working with the Rhode Island Airport Corporation, the local FBO team, and all stakeholders in continuing the great partnership Northstar Aviation has established over their tenure of over 30 years at the airport, said Chad Farischon, President and Partner of Lynx.