Modern Aviation, an upstart FBO network backed by a private equity firm Tiger Infrastructure Partners, has acquired the Clay Lacy Aviation FBO at Boeing Field (BFI) in Seattle, the company announced December 26. The deal with Clay Lacy owner Gateway USA gives Modern Aviation 65,000 sq ft of hangar space, 18,000 sq ft of terminal and office space, as well as MRO services through its Part 145 repair station. Modern Aviation also acquires the Quest Kodiak dealership and service center for the Pacific Northwest through the deal.
Founded in 2017, Modern Aviation jumped into the FBO market with the purchase of Air Wilmington at Wilmington International Airport in North Carolina in February and then significantly expanded with the acquisition of XJet at Centennial Airport (APA) in Denver in September. Modern Aviation operates under its own name in Denver and as Air Wilmington in North Carolina. It will rebrand the Seattle FBO as Modern Aviation in the first quarter of 2019.
“Gateway is known for its outstanding customer service, commitment to safety, and its pool of talented employees, making it a perfect fit for the Modern Aviation platform,” said Modern Aviation CEO Mark Carmen. In 2019 Carmen said Modern Aviation will develop Gateway’s additional leasehold at BFI by building 48,000 sq ft of additional hangar and office space. Chuck Kegley will continue to lead the FBO as its general manager.