Destin Jet Acquired To Start New FBO Network | Aviation International News

Destin Jet Acquired To Start New FBO Network

The Florida service provider will become the cornerstone of a new chain backed by private equity fund The Sterling Group.

Acquired by private equity fund The Sterling Group, Destin Jet, the sole FBO at Destin Executive airport on Florida's panhandle is slated to be the start of a new FBO network according to its new owners.

By Curt Epstein • Business Aviation Services Editor

October 3, 2016

Another private equity firm has thrown its hat into the FBO consolidation ring with the announcement late last week that Destin Jet, the lone aviation services provider at Florida’s Destin Executive Airport, was acquired by The Sterling Group, which manages more than $2.4 billion in assets. According to the Houston-based, middle-market private equity firm, the location will become the cornerstone of a new FBO network, the name of which will be released in the coming months.

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