Sterling Group Adds to New Lynx FBO Network

Private equity firm The Sterling Group, which launched itself into the FBO consolidation arena in September with the purchase of Florida’s Destin Jet Center, has unveiled the name of its new aviation services chain and acquired its second location. The Lynx FBO Network, as it is now known, is backed by Sterling, a middle-market investment fund that manages more than $2.4 billion in assets. Its latest purchase, announced earlier this week, is Aurora Jet Center, one of three service providers at Aurora State Airport, which serves the metropolitan Portland, Oregon area.

The Avfuel-branded facility has access to approximately 70,000 sq ft of hangar space, capable of sheltering aircraft up to a Gulfstream G650. “Aurora Jet Center is the primary provider on the airfield and has been growing substantially over the past several years,” noted former Trajen and Landmark Aviation executives Chad Farischon and Tyson Goetz, who head the buy-and-build venture. “It is an exceptional addition to our new network.”

“Our first two locations, both primary providers at their respective airports, are perfect representations of our vision for the Lynx network,” added industry veteran and Sterling partner Greg Elliott. “We are just getting started.”