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Odyssey Aviation U.S. Announces Acquisition Of Golden Isles Aviation, Expands Fbo Network

Mar 02, 2023•almost 3 years ago

Acquiring Company

Odyssey Aviation U.S

Acquired Company

Golden Isles Aviation

Air TransportationAerospaceTransportationTravelTravel

Description

Odyssey Aviation U.S. (“Odyssey”), announced today that it has acquired Golden Isles Aviation (“Golden Isles” or “GIA”), a Fixed Base Operator (“FBO”) serving McKinnon St. Simons Island Airport (“SSI”) on St. Simons Island, GA. Private investment firms Granite Creek Capital Partners, L.L.C. and Everside Capital, provided financing for the acquisition.

Company Information

Company

Odyssey Aviation U.S

About

Odyssey is a fixed-base operator (“FBO”) that provides aviation fuel, hangar rental, aircraft de-icing, and other services to private aviation customers and air cargo operators at the Kissimmee Gateway Airport in Kissimmee, FL and the Willow Run Airport in Ypsilanti, MI. The company is led by Salvatore Calvino and Ken Allison, who have decades of combined experience in the FBO industry and aviation services, and is headquartered in Bonita Springs, FL.

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