The Sterling Group, a middle market private equity firm based in Houston, Texas, has announced the new name of Lynx FBO Network, its buy-and-build in the FBO industry, the company said.
Sterling has dedicated significant resources from its recent USD1.25 billion fund to build Lynx into an FBO network providing fuel, ramp and other services to the general aviation industry.
Sterling reported Lynx´s acquisition of Aurora Jet Center at the Aurora State Airport serving the Portland, Oregon metropolitan area.
Lynx currently has locations in Destin, Florida and Aurora, Oregon. Sterling and management are actively seeking acquisitions in North America.
The Sterling Group is a private equity investment firm that targets controlling interests in basic manufacturing, distribution and industrial services companies. Typical enterprise values of these companies range from USD100 million to USD750 million. Sterling has sponsored the buyout of 49 platform companies and numerous add-on acquisitions for a total transaction value of over USD10.0 billion. Currently, Sterling has over USD2.4 billion of assets under management.