Skip Madsen has joined Landmark Aviation as vice president of MRO. “Skip will be a great addition to our senior executive team,” said Dan Bucaro, president and CEO of Landmark Aviation. “He brings with him a great deal of experience and knowledge that will be important to improving our MRO division.” Before joining Landmark, Madsen was the vice president of MRO operations for Jet Aviation.
Craig Fuller, president and CEO of the Aircraft Owners and Pilots Association (AOPA), will step down from his position as soon as a successor is identified. The association also promoted Sean Collins from manager of the pilot information center to eastern regional manager.
Airports Council International-North America (ACI-NA) president Gregory Principato intends to step down from leadership of the association at the end of June.
While Hawthorne Global Aviation might be one of the newest FBO brands in the field, in its DNA it is also one of the oldest. The Hawthorne name has been involved in aviation since the early 1930s and the company’s chain of service locations was purchased in 1998 by the Carlyle Group to form the bones of what is now Landmark Aviation.
Landmark Aviation announced on Thursday that it has made its entrée into one of the top business airports in the U.S. The Houston-based FBO chain, which was recently sold to previous owner the Carlyle Group, has purchased Teterboro Airport-based First Aviation Services from Goldman Sachs for approximately $100 million, according to sources familiar with the deal.
While current private equity owners GTCR Golder Rauner and Platform Partners have yet to confirm reports that FBO chain Landmark Aviation is for sale, industry sources say that a deal for the services provider is close to being struck.
According to several insiders, the Carlyle Group investment fund manager–which owned the service provider (formerly known as Garrett/Piedmont-Hawthorne/Associated until its rebranding as Landmark) before its 2007 sale to Dubai Aerospace Enterprise (DAE)–will once again acquire the U.S.-based group.
Citi Private Bank named Ford von Weise head of global aircraft finance. He succeeds Mary Schwartz, who has announced her retirement.
A Reuters report last night said that the private equity owners of Landmark Aviation have put the company up for sale. Landmark is owned by GTCR Golder Rauner and Platform Partners and includes an FBO chain (52 bases), maintenance and charter division and Encore Support Systems. Encore FBO, backed by GTCR Golder Rauner and Platform Partners, purchased the Landmark Aviation Airport Services Division from Dubai Aerospace Enterprise in March 2008 for an undisclosed amount. At the time, this added 33 FBOs to Encore’s eight to create the global Landmark network.
Camp Systems International purchased maintenance-tracking provider Avtrak last week. In early May, Camp was sold by private equity firm Warburg Pincus to another private equity company, GTCR (owner of the Landmark Aviation FBO chain), for a reported $600 to $700 million.
Camp CEO Ken Gray said that he had indicated an interest in buying Avtrak to co-founders Joe and Glenn Hertzler. He added, “The Hertzler brothers made a decision for personal reasons that it was time to exit, and we were a logical acquirer.”
FBO chain operator Landmark Aviation shored up its operations in Canada with the appointment of Andrew Storey as Canada area manager. In addition to his continuing role as general manager of the company’s Toronto Pearson International Airport location, Storey will assume overall responsibility for Landmark’s facilities at Vancouver International and Calgary International Airports. An industry veteran of more than 25 years, Storey began his career as a line service technician at Pearson while earning his private pilot certificate.
Just northwest of Tucson, Ariz., sits a 1,200-acre plot of ground with a 460-acre facility dedicated to aircraft maintenance, repair and overhaul. It has been in operation for more than 30 years and is generally considered to be the world’s largest MRO dedicated to maintenance, repair, painting, storage and end-of-life services for passenger and cargo aircraft.