Second Time Around

The Carlyle Group is returning to the FBO business.  It is repurchasing Landmark Aviation, the FBO chain it sold five years ago as part of a $1.9 billion deal that also included StandardAero.

While Dubai Aerospace bought both entities, it really was the completions, maintenance, repair and overhaul businesses of StandardAero and Landmark that it wanted.  It sold Landmark’s FBOs to GTCR and Platform Partners-funded Encore within seven months. 

Under GTCR and Platform, Landmark has maintained its status among the nation’s large FBO chains – growing from 39 facilities to 51 locations.  But that growth has slowed, and Landmark parents GTCR and Platform believe that new ownership would better continue the chain on the growth pattern.

Carlyle, which has a history of buying, growing and then selling or spinning off aerospace companies, already is discussing plans to work with Landmark management to growth the chain, either internally through expanded facilities and renovations or externally through acquisitions and new developments.

The companies are not detailing the terms of the acquisition, which is expected to close by yearend, but various reports have put the sale price at well over $600 million.

 

Please or Register to post comments.

From The Archives

Aviation Week is approaching its 100th anniversary in 2016. In a series of blogs, our editors highlight editorial content from the magazine's long and rich history.

 

Aug 27, 2015
blog

Aviation Week Lifts Veil On Boeing B-52 Bomber (1952) 10

In 1952, Aviation Week provided the first details on the new Boeing B-52 bomber....More
Aug 14, 2015
blog

Bonanza Travel Pays 3

The legendary Beechcraft Bonanza has an impressive production record, so perhaps the marketers back in 1949 were onto something when they coined the phrase "Bonanza travel pays."...More
Aug 14, 2015
blog

Venerable Boeing 727 Prototype To Fly Again 26

The most famous 727, the prototype aircraft which would join United as N7001U, was delivered to the airline in October 1964 having served its time as a Boeing test aircraft....More
Aug 13, 2015
blog

Aviation Week And The Bomb

Aviation News did not predict how nuclear weapons would change the world. But neither did anyone else....More
Aug 13, 2015
blog

Collins Radar Takes The Ups And Downs Out Of Flying

Turbulence? Rockwell Collins had a solution for those bumpy rides in the early 80s with its WXR-700 Doppler Weather Radar....More
Blog Archive
Penton Corporate

Sponsored Introduction Continue on to (or wait seconds) ×