M&A Deal Summary

The Sterling Group Acquires Lynx FBO Network

On September 30, 2016, private equity firm The Sterling Group acquired aerospace company Lynx FBO Network

Acquisition Highlights
  • This is The Sterling Group’s 1st transaction in the Aerospace sector.
  • This is The Sterling Group’s 27th transaction in the United States.

M&A Deal Summary

Date 2016-09-30
Target Lynx FBO Network
Sector Aerospace
Buyer(s) The Sterling Group
Deal Type Consolidation

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

The Sterling Group

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
PE ASSETS 2.1B USD
Size Large
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 $750 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 49
Sector (Aerospace) 1 of 2
Type (Consolidation) 4 of 6
Country (United States) 27 of 46
Year (2016) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-30 American Bath Group

Savannah, Tennessee, United States

American Bath Group is a manufacturer of residential, commercial, assisted living, senior care, and premium showroom bathing products. The Company sells its products through wholesale and retail channels to a diverse base of builders, plumbers, general contractors, and individual end-users. ABG's predecessor entity was founded in 1993 and is based in Savannah, Tennessee.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-01 Border Construction Specialties

Phoenix, Arizona, United States

Border Construction Specialties LLC is a distributor of specialty construction products to a diverse customer base of contractors.

Buy -