Atlantic Aviation strengthens its FBO network with Lynx Buy
Following its takeover last year by global investment firm KKR of Macquarie Infrastructure Investment, Atlantic Aviation has continued its rapid expansion with the addition of the Lynx FBO chain and its nine sites.
Lynx began operations in 2016 with the purchase of its first location, Destin Jet Center in Florida, and subsequently acquired FBOs across the United States. The other eight Lynx FBOs are located at Fort Lauderdale Executive Airport; Anoka-Blaine County Airport in the Minneapolis area; Morristown Airport in New Jersey; Oregon’s Aurora State Airport; Bill and Hillary Clinton National Airport in Little Rock, Arkansas; Napa County Airport in California; Providence, Rhode Island Theodore Francis Green State Airport; and Pittsburgh Allegheny County Airport. All represent new locations for the Atlantic.
“The addition of Lynx strengthens our global network and brings significant value to our portfolio,” said Atlantic Aviation COO Tim Bannon. AIN. “The investment also includes former Lynx employees who now have a much larger supporting family and unlimited growth potential.”
Just months after its acquisition by KKR, Atlantic announced a merger with Ross Aviation. The company plans to rename these facilities to Atlantic, except for the Witham Field FBO in Florida, which it will have to divest as it already operates the other facility there. The move will bring the chain to nearly 100 locations, including its first facility outside the United States, in Grand Cayman.