News

Recent News and Announcements from Centre Partners

July, 1 2008

Ross Aviation Acquires Laredo Aero Center

Laredo, Texas

Denver, Colorado, July 1, 2008: Ross Aviation LLC today announced that it has acquired Laredo Aero Center, Inc. in Laredo, Texas. Formerly known as Lacey’s Serv-a-Jet, Inc., Laredo Aero Center is the largest FBO located at the Laredo International Airport. This acquisition represents the ninth major FBO investment for Ross Aviation and increases its portfolio to 13 operations. Laredo Aero Center now joins Denver AirCenter, Scottsdale AirCenter, Santa Fe AirCenter, Capital Aviation, Corporate Aircraft, Great Circle Flight Services, Miami Executive Aviation and Bradley Pacific Aviation as strategic locations in the growing Ross Aviation network.

Laredo Aero Center has been providing exceptional FBO services to private and corporate aviation operators since it was founded by Doug Lacey and two other associates in 1975. The FBO offers 24 hour service in completely renovated facilities which include 98,000 square feet of hangar, office and terminal space. Mr. Lacey will remain as General Manager of the operation.

Ross Aviation president and CEO, Jeff Ross, commented, “Adding Laredo, Texas to our portfolio of FBOs further expands the Ross Aviation footprint. We look forward to a long relationship with Doug Lacey, who enjoys a well deserved reputation for real Texas hospitality and service at one of the primary international ports of entry along the U.S./Mexican border.”

Ross Aviation was established in 2004 through a partnership between Centre Partners Management, LLC and industry veterans Jeff Ross and Greg Ross. Bruce Pollack, Managing Partner of Centre Partners, said, “Even during these challenging economic conditions, Ross Aviation has continued to identify attractive investments. Laredo Aero Center is such an opportunity.”

Centre Partners Management, with offices in New York, Los Angeles and Dallas, is a private equity investment firm focused exclusively on supporting strong middle market companies. Founded in 1986, Centre Partners and its affiliates have invested over $3 billion of equity capital in more than 90 private equity transactions.

Ross Aviation brings together extensive FBO ownership and operating knowledge with the flexibility to structure and quickly close acquisitions using a variety of transaction models. Its principals are experienced FBO investors, having acquired, operated and divested premier properties, including Vail/Beaver Creek Jet Center, Million Air La Quinta at the Desert Resorts Airport, Million Air Palm Springs at the Palm Springs International Airport and the Newport Jet Center at the John Wayne Airport.

For more information, please visit www.rossfbo.com or www.centrepartners.com


Back to News List