Lynx FBO network, the platform company of private equity firm The Sterling Group, has acquired the FBO assets of Fly Arkansas at Clinton National Airport in Little Rock, Arkansas. Fly Arkansas is to retain the FBO at Boone County Airport and its aircraft management and charter operations.
Sterling launched Lynx, a buy-and-build effort in the FBO industry, in August 2016 and is striving to build a leading FBO network that provides general aviation services. The acquisition of the Little Rock facility marks its sixth deal.
Greg Elliott, partner at The Sterling Group, commented, “Little Rock is an ideal location for us to continue our network’s expansion. 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.
The team at Sterling also includes FBO network veterans such as Chad Farischon, Tyson Goetz and Matt DeLellis, all of whom are former members of large networks including Trajen, Landmark Aviation and Atlantic Aviation.