Lynx FBO Network acquires new locations

Lynx FBO Network, a platform company of The Sterling Group, has completed two acquisitions at Anoka County-Blaine Airport serving the Minneapolis/St. Paul metropolitan area, the company said.

Lynx simultaneously acquired both Cirrus Flight Operations and Key Air Twin Cities. The Cirrus and Key locations at Anoka mark the third and fourth acquisitions for Lynx during the first four months of operations.

Sterling has assembled a strong and experienced team to build the new network. Greg Elliott, a Partner at The Sterling Group, has been involved in building several FBO networks in the past fifteen years. Chad Farischon and Tyson Goetz are former members of both the Trajen, Atlantic Aviation, and Landmark Aviation management teams and have purchased and integrated over 50 FBOs over the course of their careers.

The Sterling Group is a middle market private equity firm based in Houston, Texas that targets controlling interests in basic manufacturing, distribution, and industrial services companies. Typical enterprise values of these companies range from $100 million to USD750 million. Sterling has sponsored the buyout of 50 platform companies and numerous add-on acquisitions for a total transaction value of over USD10.0 billion. Currently, Sterling has over USD2.2 billion of assets under management.