Ross Aviation and Centre Partners finalized their acquisition of Scottsdale AirCenter last month. The purchase represents Ross Aviation’s second FBO investment since its formation in December. Scottsdale began operations in 2003 and has been rated among the top five in the past two years’ AIN FBO surveys. The 11.6-acre facility includes 77,000 sq ft of hangar space, 690,000 sq ft of concrete ramp, and 22,000 sq ft of executive terminal, pilot lounge and office space. The acquisition also includes a 7.5-acre parcel that will add capacity for 95,000 sq ft of hangar space and 35,000 sq ft of office space. Construction is scheduled to begin before year-end.
Ross Aviation was established through a partnership among Centre Partners, Jeff
Ross and Greg Ross to acquire and operate FBOs. Jeff Ross and Greg Ross have 20 years of management experience in the industry, including stints at Vail/Beaver Creek Jet Center, Colorado; Million Air La Quinta at the Desert Resorts Regional Airport, California; Million Air Palm Springs at Palm Springs International Airport, California; Newport Jet Center at John Wayne Airport in Orange County, California; the Palomar Airport Center, at McClellan Palomar Airport in Carlsbad, Calif.; and Denver Air at Jefferson County Airport in Broomfield, Colo.
Centre Partners is a middle-market private equity firm with offices in New York, Los Angeles and Dallas. Centre Partners and its affiliates have invested more than $3 billion of equity capital in more than 80 private equity transactions. Scottsdale AirCenter was previously owned by an investor group led by Herb Marchman. The local management team led by general manager Tommy Walker has managed Scottsdale AirCenter since its opening in 2003 and will remain in place under the new ownership.