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Modern Aviation Closes The Acquisition Of Fbo Assets From Sheltair Aviation At Jfk And Laguardia Airports

Feb 08, 2022•almost 4 years ago

Acquiring Company

Modern Aviation

Acquired Company

FBO

Transportation

Description

Modern Aviation today announced it has closed the acquisition of the FBO assets and operations at JFK International Airport and LaGuardia Airport from Sheltair Aviation, the nation's largest privately-owned aviation network.

Company Information

Company

Modern Aviation

About

Modern Aviation is a growing company that is building a national network of premium FBO properties. Modern Aviation's strategy is to acquire and develop FBO operations in growth markets and to focus on providing exceptional service, extraordinary quality and industry-leading safety. Modern Aviation has secured the backing of the growth-oriented infrastructure private equity fund, Tiger Infrastructure Partners. Modern Aviation is actively engaged in pursuing additional FBO acquisitions and development opportunities in North America and the Caribbean. For more information visit: https://modern-aviation.com. SOURCE Modern Aviation

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed