Modern Aviation Acquires Three Northeast FBOs
October 13, 2022
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.
- Buyers
- Modern Aviation, Tiger Infrastructure Partners
- Targets
- Mystic Jet Center, LLC, Columbia Air Services-BHB, LLC, Columbia Air Services-RUT, LLC
- Sellers
- Two owners (unnamed)
- Platforms
- Modern Aviation
- Industry
- Aerospace & Defense
- Location
- United States
- Transaction Type
- Addon
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