Hawthorne Acquires Atlanta Executive Jet Center at Cobb County Airport (KRYY) Adding Another FBO to the Hawthorne Network
07/15/2014
HAWTHORNE ACQUIRES ATLANTA EXECUTIVE JET CENTER AT COBB COUNTY AIRPORT (KRYY) ADDING ANOTHER FBO TO THE HAWTHORNE NETWORK
ATLANTA, July 15, 2014 – Hawthorne Global Aviation Services (Hawthorne) today announced the acquisition of Atlanta Executive Jet Center at Cobb County Airport (KRYY), the fourth Fixed Based Operator (FBO) in Hawthorne’s nationwide network.
The new Hawthorne Atlanta FBO has more than 500,000 square feet of hangar space capable of accommodating up to G-650, a 6,000-square-foot passenger terminal, and first class amenities such as pilot lounges and conference facilities. Hawthorne Atlanta also features extensive services for pilots including computer flight planning, weather service and after-hours fuel and emergency services. It is a full-service Shell Aviation fueling station.
“There’s an attractive new option in Atlanta – Hawthorne at Cobb County Airport,” said Bill Koch, Chairman of Hawthorne. “Customers will appreciate the Hawthorne standard of service at Atlanta’s new airport of choice.”
Cobb County Airport is the second busiest general aviation airport in Georgia and is poised to become an international destination, with the addition of onsite U.S. Customs in 2015. The airport offers the longest general aviation runway in the Atlanta area. Recent airport improvements include new taxiways, and a new control tower now under construction. The airport is managed under the guidance of the Cobb County Board of Commissioners.
The FBO at Cobb County Airport expands the Hawthorne network of FBOs across North America that includes FBOs at MacArthur Airport in Islip, NY (KISP), Chicago Executive Airport in Chicago, IL (KPWK) and Lakefront Airport in New Orleans (KNEW).
“We are excited at the tremendous opportunity that Hawthorne Atlanta represents for us as we set an anchor in another major metropolitan city,” said Steven Levesque, President and CEO of Hawthorne. “With this acquisition, we now have a presence in the largest market in the Southeast.”
Moelis Capital Partners (MCP) and Hawthorne Corporation formed Hawthorne in 2010 to pursue an FBO acquisition strategy. MCP provides the company with strategic advice. Jim Johnston, a Partner at MCP, said, “With the addition of Hawthorne Atlanta as the fourth FBO in our network, we continue to solidify our vision of building a large network of FBOs in North America.”
About Hawthorne Global Aviation Services:
Hawthorne is a premier provider of general aviation services, with a rich history in the industry dating back to 1932. For more information, please visit
www.hawthorne.aero.
About Moelis Capital Partners:
Moelis Capital Partners (MCP), an affiliate of Moelis Asset Management, is a middle market private equity firm founded in 2007. MCP manages more than $870 million of committed private equity capital and specializes in traditional private equity investments in the middle market. For more information, please visit
www.moeliscapital.com.
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For more information, contact:
Lisa Hendrickson, LCH Communications for Hawthorne Global Aviation Services
