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Modern Aviation to buy 3 California FBOs, 'develop a national network of FBOs'

Modern Aviation has taken another step closer to its goal of "develop(ing) a national network of FBOs," as its CEO put it.Continuing on an aggressive wave of FBO purchases, including a large deal involving a handful of New York FBOs from Sheltair, Modern Aviation's buying spree continues. On Friday, the company announced it has reached a deal to buy three California FBOs from Superior Aviation Company (SACjet). The acquisition includes three Sacramento operations: Sacramento International Jet Center Incorporated (operating as Capitol Jet Center) at Sacramento International Airport (SMF), Mather Jet Center, Inc. at Mather Airport (MHR), and Patterson Aviation Company (operating as Executive Jet Center) at Sacramento Executive Airport (SAC). Since their first acquisition in early 2018, Modern has grown to nine locations today, which includes two locations in New York pending airport approval. The three Sacramento locations will grow Modern Aviation's portfolio to 12 FBO locations. Last year the company also bought FBO locations in San Juan and Isla Grand. " The opportunity to acquire SACjet's three Sacramento FBOs and build upon their well-deserved reputation for client service is another important milestone in executing our strategy," said Modern Aviation CEO Mark Carmen. Modern said it plans to hire all of SACjet's current operational employees"As the capital of California, Sacramento is a highly attractive, growing general aviation market, and these FBOs provide world-class service to a wide range of customers," Carmen said. "We look forward to continuing to provide industry best practices in customer service and safety to benefit all stakeholders." Modern expects the deal to close in the second quarter or early in the third quarter of this year.PREVIOUS COVERAGE:Modern Aviation closes on deal to buy Sheltair FBO at Long Island MacArthur AirportSheltair finalizes sale of FBOs to Modern AviationModern Aviation completes acquisition of Million Air San Juan FBOModern Aviation to Acquire Sole FBO at Isla Grande AirportSheltair, Modern Aviation ink deal on FBO acquisition
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