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GTCR, Platform Partners to acquire Landmark Aviation for $436m18/12/2007. Source: AltAssets. 
 US private equity firms GTCR Golder Rauner and Platform Partners, through Platform portfolio company Encore FBO, have agreed to jointly acquire the fixed base operator (FBO) business including the related charter, aircraft sales and maintenance parts assets of Landmark Aviation from Dubai Aerospace Enterprise for $436m.
The Landmark and Encore FBO networks will join to form a single business comprised of 42 FBOs across North America and Western Europe, under the Landmark Aviation brand.
Craig Bondy, principal at GTCR, said, 'The combined network is extremely well-positioned in an attractive growth market and we particularly look forward to partnering with Dan Bucaro and the management team, along with Platform Partners, to execute on their vision for Landmark going forward.'
Fred Brazelton, president of Platform Partners, added, 'The combination of Landmark and Encore creates a global FBO network that will offer unparalleled service for our many customers. We look forward to working with the Encore and Landmark management teams and GTCR to continue to build Landmark in the future.'
GTCR currently manages approximately $8bn of equity capital. The Chicago-based firm invests across various industry sectors.
Houston-based Platform is a private holding company that focuses on investments in small to mid-market companies.
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