Signature Mulls $4B Acquisition by Private-equity Group Blackstone

Signature Aviation, the parent company of Signature Flight Support, has received purchase offers of late, with the latest worth an approximate $4 billion

Signature Aviation and its Signature Flight Support FBO chain, which operates more than 200 locations globally, could be acquired by private-equity firm Blackstone Infrastructure Advisors and Blackstone Core Equity Management Associates. (Photo: Signature Aviation)

By Curt Epstein • Business Aviation Services Editor

December 21, 2020

UK-based Signature Aviation—the parent company of Signature Flight Support, which operates the world’s largest FBO network—could soon be sold to private-equity firm Blackstone Infrastructure Advisors and Blackstone Core Equity Management Associates for approximately $4 billion, according to a statement released today by Signature. Blackstone has more than $580 billion in assets under management.

This latest overture, the sixth from Blackstone to Signature since February, equates to a possible cash offer of $5.17 per share. According to a note issued today to its investors in response to recent share increases as word of the offer leaked, Signature stated, “Having considered the terms of the Blackstone proposal, the board of Signature has indicated to Blackstone that it would currently be minded to recommend a firm offer for Signature at the price set out in the Blackstone proposal.”

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