Investment Firm Buys Family-owned Iowa FBOs

 - January 10, 2020, 6:22 PM
Iowa-based Carver Aero has sold its two FBOs, including this modern facility at Davenport Municipal Airport and a second location at Muscatine Municipal Airport to CL Enterprises, along with its Part 135 charter certificate and Part 145 repair station. The company is the lone aviation services provider at both airports.

Illinois-based investment firm CL Enterprises has purchased family-owned aviation services provider Carver Aero, which operates the lone FBOs at Iowa’s Davenport Municipal and Muscatine Municipal Airports, both of which offer 5,500-foot main and 4,000-foot secondary runways. The acquisition represents CL's first foray into the aviation industry, and the locations will retain the Carver Aero name.

Davenport, which sees approximately 77 operations a day, has a  modern 7,500-sq-ft terminal that includes a passenger lobby, pilot lounge, a pair of snooze rooms, a 30-seat conference room, flight-planning area, showers, and crew cars. The location has a 20,000-sq-ft heated hangar that can shelter up to midsize business jets.

In Muscatine, the FBO is open from 7 a.m. until 6 p.m. and occupies the 4,000-sq-ft city-owned terminal with a passenger lobby, pilot lounge, snooze room, showers, 16-seat conference room, and crew cars. A 6,400-sq-ft hangar with a 16-foot high door can accommodate aircraft up to a Citation V, and the location includes 80,000 sq ft of ramp space.

The purchase also included Carver’s Part 135 operation, which has a Cessna Citation Ultra and three Beechcraft King Airs—a Model 90, 200, and 350—in its fleet, and a Part 145 repair station at the Davenport location.