Lynx FBO Network (The Sterling Group) Acquires Northstar Aviation FBO at Providence (PVD)

Atlantic Aviation Acquires Lynx FBO Network

February 28, 2022

Transportation

Atlantic Aviation, a KKR-backed FBO operator, has acquired the Lynx FBO chain and its nine U.S. locations. The deal expands Atlantic’s network with new locations and former Lynx employees, supporting the company’s continued geographic growth and network consolidation.

Lynx FBO Network (The Sterling Group) Acquires Fort Lauderdale FBO from World Jet, Inc.

February 4, 2019

Transportation

Lynx FBO Network, a portfolio company of The Sterling Group, acquired the FBO assets of World Jet, Inc. at Fort Lauderdale Executive Airport (FXE) in Fort Lauderdale, Florida. Lynx — backed by The Sterling Group — plans significant investments including facility refreshes and development of a new FBO terminal as part of its South Florida expansion.

Lynx FBO Network (The Sterling Group) Acquires FTC FBO at Morristown Airport

October 16, 2019

Transportation

Lynx FBO Network, a portfolio company of The Sterling Group, has acquired the assets of FTC FBO and will operate a second full-service FBO at Morristown Airport (MMU) near New York City. Stellus Capital Management provided unitranche financing and an equity co-investment to support the transaction as Lynx expands its national FBO network.

Modern Aviation Acquires Three Northeast FBOs

October 13, 2022

Aerospace & Defense

Modern Aviation has executed a definitive purchase agreement to acquire Mystic Jet Center, LLC (Groton–New London Airport, Groton, CT), Columbia Air Services-BHB, LLC (Hancock County–Bar Harbor Airport, Trenton, ME) and Columbia Air Services-RUT, LLC (Rutland Southern Vermont Regional Airport, Rutland, VT) from their two owners. The deal — expected to close in Q4 2022 — adds more than 161,500 square feet of leasable hangar and office space, retains all employees and expands Modern Aviation’s FBO network to 16 locations; Modern Aviation is backed by Tiger Infrastructure Partners.

Greenbriar Equity Group Acquires West Star Aviation from The Sterling Group

May 21, 2025

Aerospace & Defense

Funds managed by Greenbriar Equity Group have acquired West Star Aviation, a leading business aviation maintenance, repair and overhaul (MRO) provider, from The Sterling Group. Financial terms were not disclosed; Greenbriar said it will leverage its aviation aftermarket experience to accelerate West Star's growth and enhance its service capabilities across the company's national facilities and AOG technician network.

Jet Aviation Acquires ASTONSKY FBO Operations at Paris-Le Bourget

August 1, 2025

Aerospace & Defense

Jet Aviation has acquired ASTONSKY's ground handling, hangarage and FBO operations at Paris-Le Bourget Airport in France. The acquisition expands Jet Aviation's EMEA FBO network and adds a flagship Paris-Le Bourget location offering handling, fueling, hangarage and passenger/crew services.