On Dec. 15, Lynx FBO Network (Lynx), a portfolio company of The Sterling Group, announced 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.
"Providence is a strategic location for Lynx that has been a top priority target for years," said Greg Elliott, a partner at The Sterling Group. "Our team's ability to get this across the finish line during COVID shows our commitment and ability to continue to expand our network in any environment."
Lynx is a rapidly growing network of FBOs in the general aviation industry with locations in Napa, California, Destin, Florida, Minneapolis (Anoka), Minnesota, Portland (Aurora), Oregon, Little Rock, Arkansas, Pittsburgh, Pennsylvania, Fort Lauderdale, Florida, Morristown, New Jersey and now Providence, Rhode Island. 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. 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.
