Signature Aviation to Acquire TAC Air
The purchase will expand the Signature Flight Support network with the addition of 16 FBOs across the U.S.
Signature Aviation, the parent company of Signature Flight Support, has entered into an agreement to purchase the FBO holdings of TAC Air, which consist of 16 locations throughout the U.S. The Signature Flight Support FBO chain has more than 200 locations globally.
Among these locations are six where TAC Air is the sole service provider: Buffalo-Niagara [New York] International Airport; McGhee Tyson Airport in Knoxville, Tennessee; Texarkana Regional and Fort Smith Regional airports in Arkansas; Shreveport [Louisiana] Regional Airport; and Rick Husband Amarillo [Texas] International Airport.
The agreement also includes TAC Air’s hangar complex at Arizona’s Scottsdale Airport, adding some 65,000 square feet of aircraft shelter to the existing Signature facility there.
This marks Signature’s first major acquisition since a consortium of three private equity firms purchased it last year. Subject to regulatory approvals, the transaction is expected to close in the second half of this year.