Saturday, April 26, 2014

Ronson Aviation's parent company sold to Houston-based firm

EWING — Ronson Aviation, a general aviation facility based at Trenton-Mercer Airport, will soon have a new owner when its parent company, Ross Aviation, is bought by rapidly expanding Landmark Aviation.

The Houston-based company announced this week it has signed a definitive agreement to acquire Ross Aviation, whose network includes Ronson Aviation and more than a dozen other fixed-based operations.

Ross acquired Ronson in October 2010.

Terms of the deal, which is slated to close in the second half of the year, were not disclosed.

The acquisition will increase Landmark’s footprint to 60 locations in the United States and 76 worldwide.

“We are very excited about this acquisition, as the high quality Ross network is complementary to ours and will extend the Landmark network to key U.S. airports, allowing us to better serve our customers,” Landmark CEO and President Dan Bucaro said in a statement. “We are also looking forward to working with the various airport authorities and becoming active members in each of those communities.”

Wolcott Blair, general manager of Ronson, said he did not yet know what the acquisition would mean for the company, which supplies fuel, service, hangar and office space for private planes.

“They’ve acquired the entire organization and all the facilities, so I suspect we’ll be rebranded,” he said. “As they do integration plans and transfer plans, they’ll figure everything out.”

Landmark already has a presence in New Jersey at Teterboro Airport and most recently, Atlantic City International Airport, after it acquired Midlantic Jet Aviation in March.


Source:  http://www.nj.com