M&A Deal Summary

Atlantic Aviation Acquires Lynx FBO Network

On December 1, 2021, Atlantic Aviation acquired aerospace company Lynx FBO Network from The Sterling Group

Acquisition Highlights
  • This is Atlantic Aviation’s 3rd transaction in the Aerospace sector.
  • This is Atlantic Aviation’s 3rd transaction in the United States.

M&A Deal Summary
Date 2021-12-01
Target Lynx FBO Network
Sector Aerospace
Buyer(s) Atlantic Aviation
Sellers(s) The Sterling Group
Deal Type Add-on Acquisition

Target

Lynx FBO Network

United States
Lynx FBO Network is a provider of fuel, ramp and other services to the general aviation industry.

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Buyer(S) 1

Buyer

Atlantic Aviation

Plano, Texas, United States
Category Company
Founded 1927
Sector Aerospace
DESCRIPTION

Atlantic Aviation provides a wide range of aviation services, including a premier Fixed Based Operations chain and dedicated concierge service across the United States. Atlantic Aviation was founded in 1927 and is based in Plano, Texas.

DEAL STATS #
Overall 3 of 3
Sector (Aerospace) 3 of 3
Type (Add-on Acquisition) 3 of 3
Country (United States) 3 of 3
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-26 Showalter Flying Service

Orlando, Florida, United States

Showalter Flying Service, Inc. is a provider of aviation related services.

Buy -

Seller(S) 1

SELLER

The Sterling Group

Houston, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1982
PE ASSETS 9.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Sterling Group is a private equity firm focused on acquiring middle-market businesses within basic manufacturing, industrial services, and distribution. Sterling looks for companies valued from $100 to $1000 million with positive cash-flow, strong market positions, and potential to grow. Sterling avoids investments in financial services, real estate, healthcare, or information technology companies. The Sterling Group was formed in 1982 and is based in Houston, Texas.

DEAL STATS #
Overall 30 of 32
Sector (Aerospace) 1 of 1
Type (Add-on Acquisition) 3 of 4
Country (United States) 27 of 29
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-08 PowerGrid Services

Hartselle, Alabama, United States

PowerGrid Services is a utility services business providing repair and maintenance services for distribution, transmission, and substation infrastructure. PowerGrid Services is based in Hartselle, Alabama.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-03 Time Manufacturing

Waco, Texas, United States

Time Manufacturing is a global manufacturer of bucket trucks, digger derricks, cable placers, truck bodies, buckets, and other specialty equipment for the electric utility, telecommunications infrastructure, bridge inspection, tree care, and other fleet-supported industries. Selling via the Versalift, BrandFX, Aspen Aerials, Ruthmann, Steiger, Ecoline and Bluelift brands. Time Manufacturing was founded in 1965 and is based in Waco, Texas.

Sell -
Mergr

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