Modern Aviation Agrees to Acquire Superior Aviation Company’s Three Sacramento, CA FBOs
/Modern Aviation announced that it has executed a definitive agreement to acquire Superior Aviation Company’s (“SACjet”) three Sacramento, CA FBO operations from Sacramento International Jet Center Incorporated (operating as Capitol Jet Center) at Sacramento International Airport (KSMF), Mather Jet Center , Inc. (operating as Mather Jet Center) at Mather Airport (KMHR), and Patterson Aviation Company (operating as Executive Jet Center) at Sacramento Executive Airport (KSAC).
Since their first acquisition in early 2018, Modern has grown to nine locations today, which includes two locations in NY pending airport approval. The three Sacramento FBOs will bring Modern to twelve locations.
Modern expects the acquisition to close in the second quarter or early in the third quarter 2022 following the review and approval of appropriate government agencies.