Author Archives: fjones

Lynx FBO Network Appoints Scott Kelly and Dan Bucaro to the Board of Directors

HOUSTON, TX (April 12, 2017) –  Lynx FBO Network, a buy-and-build effort in the FBO (fixed base operator) industry, today announced the appointment of Scott Kelly, retired astronaut and US Navy captain, and Dan Bucaro, former CEO of Landmark Aviation, to its Board of Directors. In September 2016,The Sterling Group, a middle market private equity firm focused on industrial businesses, began executing a plan to build a leading FBO network providing general aviation services.  Lynx completed four acquisitions in the first four months of operations. Scott Kelly is an astronaut and retired US Navy Captain who is a veteran of four space flights and commanded the International Space Station on three different expeditions. Dan Bucaro has been involved in the FBO …

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The Sterling Group Completes the Acquisition of Time Manufacturing Company

HOUSTON, TX (February 6, 2017) – The Sterling Group, a middle market private equity firm based in Houston, Texas, today announced that it acquired Time Manufacturing Company (“Time”) from O’Flaherty Holdings Limited. Headquartered in Waco, Texas, Time is a global designer, manufacturer, and distributor of vehicle-mounted aerial lifts primarily for the telecom and electric utility end markets.   Time has pioneered several brands within the aerial lift market, including the market leading Versalift brand. The business had been owned by the O’Flaherty family for over 40 years. “Sterling is the right partner for Time as we continue to pursue the significant growth opportunities that exist for the company today,” said Charles Wiley, CEO of Time.  “The Time team is excited to …

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Safe Fleet, A Portfolio Company of The Sterling Group, Acquires Randall Manufacturing

HOUSTON, TX (January 16, 2017) – The Sterling Group, a private equity firm based in Houston, Texas, announced that its portfolio company, Safe Fleet, has completed the acquisition of Randall Manufacturing LLC (“Randall”). This marks Safe Fleet’s eighth acquisition during Sterling’s ownership.  Safe Fleet is a leading supplier of safety components for fleet vehicles. Based in suburban Chicago, Illinois, Randall is a leading manufacturer of specialized safety products used mainly in refrigerated semi-trailers in connection with the transportation of food and beverages. “Randall is an excellent addition to Safe Fleet’s portfolio. Through innovation and consistent execution, Randall has developed a high level of brand equity and trust with their customers and end-users,” stated John Knox, CEO of Safe Fleet. “The …

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