Lynx FBO Network, a portfolio company of The Sterling Group, has acquired the assets of Morristown-based FTC FBO and will now operate as the second full-service FBO at the New Jersey airport. The acquisition becomes Lynx's eighth FBO location.
“We are excited to enter the New York metropolitan area and believe this expansion into the largest general aviation market in the United States is a perfect complement to our growing network of FBOs. We look forward to working with DM Airports, with Morristown and the local team to develop the safe, customer-centric FBO that operators in the region have come to expect,”" says Lynx chief financial officer Matt DeLellis.
DM Airports executive director Scott McMahon adds: "Lynx will be a valuable addition to the exceptional amenities currently offered to general aviation operators here.”
Morristown airport is located just 27 miles west of New York City. The newly acquired FBO offers more than 45,000 sq ft of hangar space and more than 4.5 acres of available apron for aircraft parking. Post-closing, Lynx will begin planning for the design and development of a new FBO terminal and hangar complex.
Lynx is a growing network of general aviation FBOs with locations in Destin, Florida; Minneapolis (Anoka), Minnesota; Portland (Aurora), Oregon; Little Rock, Arkansas; Napa, California; Pittsburgh, Pennsylvania; Fort Lauderdale, Florida; and now Morristown, New Jersey. The Lynx vision is to build a values-based FBO network known for exceptional service and quality, a rewarding team member experience, and a commitment to continuing excellence. Its team is comprised of industry veterans who have worked together building FBO networks over many years, serving in management roles at numerous large FBO networks including Landmark Aviation, Atlantic Aviation and Trajen.
Honigman Miller Schwartz & Cohn LLP served as legal advisor to Lynx in the acquisition. Lynx and Sterling continue to actively seek FBO acquisitions in North America.