SomeraRoad’s SR Aviation Infrastructure Acquires Republic Jet Center and Stratosphere Development at Farmingdale Republic Airport

PrimeFlight Aviation Services Acquires StratAir Cargo Handling Operations

August 4, 2025

Logistics & Distribution

PrimeFlight Aviation Services, a portfolio company of The Sterling Group and Capitol Meridian Partners, has acquired StratAir’s cargo handling operations at Miami International Airport (MIA), Richmond International Airport (RIC), and Luis Muñoz Marín International Airport (SJU). The deal expands PrimeFlight’s cargo handling footprint and capacity—adding StratAir’s facilities (including a 120,000 sq. ft. third‑party handling complex at MIA) and experienced personnel to PrimeFlight’s growing global cargo network.

Modern Aviation Acquires Sheltair FBO Operations at Francis S. Gabreski (FOK) and Republic (FRG) Airports

September 1, 2022

Aerospace & Defense

Modern Aviation has closed the acquisition of the fixed-base operator (FBO) assets and operations at Francis S. Gabreski Airport (FOK) in Westhampton Beach, NY and Republic Airport (FRG) in Farmingdale, NY from Sheltair Aviation. The deal expands Modern Aviation's Northeast footprint to 12 FBO locations and the company is backed by Tiger Infrastructure Partners.

Atlantic Aviation Acquires Jet Center at Santa Fe

November 10, 2025

Aerospace & Defense

Atlantic Aviation has acquired Jet Center at Santa Fe, a full-service FBO at Santa Fe Regional Airport, adding approximately 16.5 acres of ramp space, a modern executive terminal and ~50,000 sq. ft. of heated hangar space to its network. The facility immediately begins operating as Atlantic Aviation and expands the operator's presence in New Mexico as part of its strategy to add high-quality FBO locations.

AAR CORP. Acquires Aerostrat

August 12, 2025

Aerospace & Defense

AAR CORP. has acquired Seattle-based Aerostrat, a long-range aviation maintenance planning software provider, for $15 million plus contingent consideration of up to $5 million. The deal brings Aerostrat's Aerros product into AAR's Trax suite to expand Trax's ERP and long-range planning capabilities and continue to offer Aerros as a standalone solution to airlines, MROs, and cargo operators.

Bain Capital Acquires APP Jet Center

January 29, 2026

Transportation

Bain Capital acquired APP Jet Center, a five-location fixed-base operator (FBO) aviation infrastructure platform, to enter the FBO sector. Ridgewood Infrastructure sold APP and the transaction closed in March 2026; financial terms were not disclosed.

Seven Point Equity Partners Establishes Strategic Partnership with Frazier Aviation

March 19, 2025

Aerospace & Defense

Seven Point Equity Partners announced a strategic partnership with San Fernando-based Frazier Aviation; the transaction was supported by a syndicate of investors including Caltius Structured Capital (which provided debt and equity), Trinity Investors, Hall Capital Holdings, and UMB Capital Corporation. Seven Point has established Frazier Aviation International, LLC as a holding company (Brian Williams named CEO) to serve as a growth platform to expand product offerings and manufacturing capabilities organically and via targeted acquisitions; Bob Frazier will continue to lead Frazier Aviation as a subsidiary.