Modern Aviation has agreed to acquire Superior Aviation Company’s (SACjet) three Sacramento FBO operations from Sacramento International Jet Center Incorporated at Sacramento International Airport, Mather Jet Center at Mather Airport and Patterson Aviation Company at Sacramento Executive Airport.
“We founded Modern Aviation to develop a national network of FBOs,” commented Modern Aviation’s CEO, Mark Carmen, commenting on the agreement. “The opportunity to acquire SACjet’s three Sacramento FBOs and build upon their well-deserved reputation for client service is another important milestone in executing our strategy. SACjet has a world class staff of professionals at these airports where customers receive world class service every day. Modern intends to hire all of SACjet’s current operational employees. One of the benefits of our consolidation strategy is that it creates more career growth opportunities for our team members and more touchpoints for our customers.”
Since their first acquisition in 2018, Modern has grown to nine locations, including two locations in New York pending airport approval. The three new additions in Sacramento will bring Modern to 12 locations.
Noting that Sacramento is a highly attractive and growing private aviation market, Carmen remarked that these new FBOs “provide world class service to a wide range of customers, including general aviation, business aviation, sports team and other VIP charters, military, cargo and commercial airlines. Similar to our other locations, we look forward to developing a strong relationship with the Sacramento County Airport System.”
Modern expects the purchase agreement to close in, if not before, Q3, 2022 following the review and approval of appropriate government agencies.
