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Lynx FBO Network, a Portfolio Company of The Sterling Group, Acquires Aurora Jet Center

HOUSTON, TX (October 31, 2016) – The Sterling Group, a middle market private equity firm based in Houston, Texas, today announced the new name of its buy-and-build in the FBO industry, Lynx FBO Network (“Lynx”). Sterling has dedicated significant resources from its recent $1.25 billion fund to build Lynx into a leading FBO network providing fuel, ramp and other services to the general aviation industry. Sterling also announced Lynx’s acquisition of Aurora Jet Center at the Aurora State Airport serving the Portland, Oregon metropolitan area. “Aurora Jet Center is the primary provider on the airfield and has been growing substantially over the past several years. It is an exceptional addition to our new network,” said Chad Farischon and Tyson Goetz, …

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The Sterling Group Announces Formation of New FBO Network, Acquires Destin Jet

HOUSTON, TX (September 30, 2016) – The Sterling Group, a middle market private equity firm based in Houston, Texas, announced the creation of a new fixed based operator (“FBO”) network and the acquisition of Destin Jet. Today’s acquisition of Destin Jet, an FBO located at the Destin Executive Airport in Destin, Florida, is the first location in the new network. Sterling has assembled a strong and experienced team to build the new network. Greg Elliott, a Partner at The Sterling Group, has been involved in building several FBO networks in the past fifteen years, including roles as Chairman of Encore and Trajen, and Board member of Landmark Aviation. Chad Farischon and Tyson Goetz, former members of both the Trajen and …

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Specified Air Solutions, A Portfolio Company of The Sterling Group, Acquires Dectron Inc.

HOUSTON, TX (August 3, 2016) – Specified Air Solutions, a market leading manufacturer of semi-custom commercial and industrial HVAC equipment, has completed the acquisition of the Dectron pool dehumidification systems business (“Dectron”) from the Lakdawala family. Specified Air is a portfolio company of The Sterling Group, a Houston-based middle market private equity firm. Headquartered in Montreal, Quebec, Dectron is a global provider of highly-engineered custom and semi-custom dehumidification, air quality and energy recovery solutions primarily for indoor pools.  “Dectron is a strong addition to Specified Air’s broad portfolio of products that provide solutions across a wide variety of commercial and industrial HVAC needs,” said Charley Brown, CEO of Specified Air Solutions. The company serves a multitude of market applications including …

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