Signature Aviation, the largest FBO chain, is set to acquire TAC Air and its entire U.S. network of 16 FBOs and one private hangar.
"The purchase will strengthen Signature's existing footprint at several airports, as well as extend the global Signature network to new airports," a company spokesman said in an email to the Arkansas Democrat-Gazette.
TAC Air is the only FBO on the field at six of the airports, including Buffalo-Niagara International (BUF), McGhee Tyson (TYS), Texarkana Regional (TKX), Fort Smith Regional (FSM), Shreveport Regional (SHV), and Rick Husband Amarillo International (AMA).
TAC Air's hangar complex at Scottsdale Airport (SDL) in Arizona, which was opened last year, will also be included in the agreement. This will bring an additional 65,000 square feet of hangar space to the existing Signature Aviation FBO at the airport.
Signature Aviation made a move in December to purchase a fourth FBO in Colorado, Vail Valley Jet Center at the Eagle County Regional Airport (EGE).
The Vail Valley acquisition came just months after Signature Aviation's own change in ownership when three investment groups joined together last year to offer a combined $4.7B bid for the FBO chain.
The transaction is expected to close in the second half of 2022, subject to regulatory approvals.